Daycares closed on March 16, 2020 in Turkey to prevent the spread of COVID-19. At the same time, the two most common nonparental childcare arrangements in Turkey-care of children by grandparents and nannies-became undesirable due to health concerns and in some cases also unfeasible due to the...

This paper contributes to the GDP-consumption comovement puzzle literature investigating the role of tax evasion in explaining the consumption path after a Marginal Efficiency of Investment shock. We use an otherwise standard medium-scale New Keynesian DSGE model combining tax evasion with...

This paper contributes to the GDP-consumption comovement puzzle literature investigating the role of tax evasion in explaining the consumption path after a Marginal Efficiency of Investment shock. We use an otherwise standard medium-scale New Keynesian DSGE model combining tax evasion with...

India's tryst with corporate governance is not new, yet not ideal. When in 1996 the Confederation of Indian Industry (‘CII') undertook the first institutional initiative on corporate governance in India (leading to the 1998 report on ‘Desired Corporate Governance: A Code'), the ideals of...

Given the estimated scale of tax planning activities by firms and the associated benefits and costs an interesting question is the nature of the relationship between tax planning and firms' market value. Although traditionally corporate tax planning has been viewed as benefiting shareholders via...

For those concerned with nature and role of the business firm in economy and society, these are challenging times. Past and ongoing financial crises and scandals have focused attention on the system of regulation, governance and disclosure in a way many may never have imagined and few welcomed....

I provide a first comprehensive literature survey with an exclusive focus on empirical corporate tax avoidance research. Shackelford and Shevlin [2001] traced the earlier developments of archival, microeconomic-based, empirical income tax research, pointing out a nascent interest for research on...

This paper reviews the policy case for restrictions on the deduction of interest expense as a necessary background to an assessment of the Department of Finance's recent proposal to establish the reasonable expectation of profit (REOP) standard as a statutory requirement for the recognition of...

This paper sketches broadly the efficiency and equity effects of income trusts that make their use as a substitute for the direct holding of shares problematic for tax policy purposes. The paper also considers the potential effectiveness of an equity recharacterization rule applicable to the...

In the wake of the Financial Accounting Standard Board's decision to require firms that grant employee stock options (ESOs) to treat such options as an expense, many large and sophisticated firms are switching from ESOs to restricted stock. Restricted stock - stock granted to an employee as part...