The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Seeking Shelter: Empirically Modeling Tax Shelters Using Financial Statement Information
Open accessAbstract
ABSTRACT: Using confidential tax shelter and tax return data obtained from the Internal Revenue Service, this study develops and validates an expanded model for inferring the likelihood that a firm engages in a tax shelter. Results show that tax shelter likelihood is positively related to subsidiaries located in tax havens, foreign-source income, inconsistent book-tax treatment, litigation losses, use of promoters, profitability, and size, and negatively related to leverage. Supplemental tests show that total book-tax differences (BTDs) and the contingent tax liability reserve are significantly related to tax shelter usage, while discretionary permanent BTDs and long-run cash effective tax rates are not. Finally, the model is weaker, yet still significant, in the FIN 48 disclosure environment. This research provides investors and policymakers with an extended, validated measure to calculate the presence of extreme cases of corporate tax aggressiveness. Such information could also aid analysts and other tax and non-tax researchers in assessing the benefits and risks of firm behavior.
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(1990) · Choice Reviews Online · doi:10.5860/choice.27-3338 · Cited by 35,305
Hosmer, D. W., & Lemeshow, S. (2000) · doi:10.1002/0471722146 · Cited by 20,302
DEMERS, E., & JOOS, P. (2007) · Journal of Accounting Research · doi:10.1111/j.1475-679x.2007.00236.x · Cited by 196
Cited by
Incentives for Tax Planning and Avoidance: Evidence from the Field
Graham, J. R., Hanlon, M., Shevlin, T. J., & Shroff, N. (2012) · SSRN Electronic Journal · doi:10.2139/ssrn.2148407 · Cited by 867
Tax Aggressiveness and Corporate Transparency
Balakrishnan, K., Blouin, J. L., & Guay, W. R. (2019) · The Accounting Review · doi:10.2308/accr-52130 · Cited by 614
The Role of Managerial Ability in Corporate Tax Avoidance
Koester, A., Shevlin, T., & Wangerin, D. (2017) · Management Science · doi:10.1287/mnsc.2016.2510 · Cited by 434
The Effect of Corporate Tax Avoidance on the Cost of Equity
Goh, B. W., Lee, J., Lim, C. Y., & Shevlin, T. J. (2013) · SSRN Electronic Journal · doi:10.2139/ssrn.2237742 · Cited by 422
Do Publicly Disclosed Tax Reserves Tell Us About Privately Disclosed Tax Shelter Activity?
LISOWSKY, P., ROBINSON, L., & SCHMIDT, A. (2013) · Journal of Accounting Research · doi:10.1111/joar.12003 · Cited by 396
Self-citation
Metadata
- Authors
- Lisowsky, P.
- Venue
- The Accounting Review
- Publisher
- American Accounting Association
- Published
- 2010-09-01
- Volume
- 85
- Issue
- 5
- Pages
- 1693-1720
- ISSN
- 0001-4826 (ISSN-L)
- 1558-7967
- OpenAlex
- W3124108335
- Cited by
- 483
- References
- 3
- FWCI
- 94.54
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
