This paper discusses the issues surrounding the proposals to conform financial accounting income and taxable income. The two incomes diverged in the late 1990s with financial accounting income becoming increasingly greater than taxable income through the year 2000. While the cause of this...

This paper examines the impact of politicians' ideological preferences on corporate taxation. Our tests exploit the implementation of the Reform and Opening-up policy in China in 1978 that significantly weakens the communist ideology. We find that, in the post-reform period, the effective tax...