binomial tree model that captures the resolution of tax rate uncertainty closely mimics observed market prices. Allowing …

uncertainty impairs the persistence and predictability of after-tax cash flows, I hypothesize and find that firms with greater tax …I examine whether and to what extent tax uncertainty affects a firm's dividend payouts. Based on the argument that tax … uncertainty exhibit a lower probability of dividend payouts. The effect of tax uncertainty is stronger in the presence of …

I investigate how investors value tax planning and tax uncertainty for the case of publicly listed German firms. I … compare two recent approaches how to account for tax uncertainty: the separate view by Drake et al. (2019) and the composite … view by Jacob and Schütt (2020) to find the better suited way to incorporate tax planning and uncertainty simultaneously …

This paper discusses the role that the economics of uncertainty has played in the theory of public finance. From being … of these have been chosen here to illustrate the general point: Taxation and risk taking, the role of uncertainty in …

Corporate tax behavior has recently received considerable public interest, and anecdotal evidence suggests that firms … are increasingly concerned about the reputational risk of tax planning. Using RepRisk data to capture firms’ reputational … managers anticipate higher costs of tax planning in response to higher reputational risk, firms might adjust their tax behavior …

divergence of rates preferred by Democrats and Republicans. This paper is the first to model the effect of such rate uncertainty … implications. First, rate uncertainty may alleviate the lock-in effect of the realization rule when rates are low and exacerbate …