This study develops and validates an ex-ante measure of firm-specific overall tax risk. We define tax risk as the … potential that current actions or activities, or the failure to take actions or pursue activities, will lead to future tax … outcomes that are different from expectations. Tax risk arises from the interaction of economic risk and tax law uncertainty …

Tax codes regularly create conflicts of interests between small and large shareholders with respect to the payout … strongly reflects tax preferences of a firm's largest shareholder. However, as minority shareholder protection increases tax …

We present four important dimensions to international tax policy from a tax-systems perspective, stressing that non …-rate/base tax policies can have different cross-jurisdictional spillover effects than changes in tax rates. The dimensions are the … efforts in tax policy and tax administration, and information sharing about governments' tax practices. The paper discusses …

This study provides evidence on whether investors value tax gross-up provisions for executives, and how the elimination … of these provisions changes executive compensation. We examine the market response to tax gross-up eliminations and find … increasing other forms of executive compensation. We find firms eliminating tax gross-up provisions increase bonus but not salary …

any nation is its tax system. Hence, the main of this study was to assess the impact of taxes on the economic growth of … especially after a series of civil unrest, the tax system is very critical …

After Hurricane Andrew the U.S. Congress entertained proposals to allow insurers to employ tax-deferred loss reserves …

legislators generally write tax rules to raise revenue and motivate behavior and not specifically to measure performance. However … tax accruals. We find that tax accruals have explanatory power for contemporaneous annual stock returns incremental to … dominance of book accruals over tax accruals declines significantly and from 1997-2001, tax accruals explain returns as well as …

liquidity and informed investor profits to decline in the level of the tax. Taxes on trading can reduce rent-seeking behavior …