insurers manipulate reserves to avoid solvency monitoring. We also find insurers increase reserves for tax purposes and to …

tax-related issues. Using a sample of more than 10,000 comment letters from the Audit Analytics' SEC Comment Letter … Database, we identify comment letters related to tax issues. Prior research has documented that the receipt of a comment letter … can be important to future accounting disclosures but has generally failed to document investor responses. We focus on tax …

costs in case of tax haven activities. We test whether the availability of additional public information on the locations of … banks' subsidiaries reduces their tax haven presence. In a preliminary difference-in-difference analysis we find that indeed …, tax haven presence in “Dot-Havens” has declined significantly after the introduction of mandatory public country …

We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using … GARCH models and a unique daily dataset of legislative tax changes during the period 1 December 1978 to 31 January 2018. We … find that days of discretionary tax legislation during all stages of the process often matter for returns, both in terms of …

This paper attempts to address both theoretical and practical considerations for a tax such as financial transactions … in financial markets is incomplete and imprecise, remains. However, globally, FTT remains a commonly used tax. A cross …

This paper analyzes the impact on firm behavior of the Homeland Investment Act of 2004, which provided a one-time tax … variable bias by using instruments that identify the firms likely to receive the largest tax benefits from the holiday …. Repatriations did not lead to an increase in domestic investment, employment or R&D -- even for the firms that lobbied for the tax …

countries. Since it is difficult to untangle the effect of tax incentives from other factors, the analysis also takes into ….Our experience tends to suggest that in the absence of fundamental factors such as economic conditions and political climate, tax …

Commentators on the private equity industry often claim that favorable tax treatment gives private equity firms … advantages in the market for corporate control. But we show that tax advantages do not affect the equilibrium ownership of …. However, tax advantages are of importance under limited bidding competition, limited deductibility and in the presence of …