Research AbstractThis study analyzes the association between income shifting incentives and share repurchases using a hand-collected sample of U.S. multinational corporations (MNCs) from 2006 to 2020. We find a significant negative association between income shifting and share repurchases....

Grantley Tayler Grant Richardson Ahmed Al-Hadi and Ivan Obaydin. Abstract: This study examines the effect of tax haven utilization on the implied cost of equity capital (ICOE) based on a sample of publicly-listed U.S. multinational firms over the 2006–2014 period. Our regression results show...

The purpose of this study is twofold. First, it examines the association between income shifting arrangements consisting of transfer pricing aggressiveness, tax haven use and foreign tax rate differentials, and Financial Interpretation No. 48 (FIN48, now ASC740-10-25) unrecognized tax benefits...

In this study, we examine whether state-level corruption and corporate tax avoidance in the U.S. are related. Using a sample of 36,078 U.S. firm-year observations from 1998 to 2014, we find that corruption is significantly positively related to tax avoidance. Our main finding is consistent...