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Financial accounting for deferred taxes: a systematic review of empirical evidence
Deferred taxes—resulting from differences between financial and tax accounts—have been a long-standing, contentious issue in financial accounting...
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Nonrecurring income taxes
Nonrecurring income taxes are transitory items that exclusively affect earnings through tax expense. We conduct the first in-depth examination of...
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Investigating the Treatment of Deferred Tax in the Debt-to-Equity Ratio
One of the most useful tools to determine financial performance is the financial statements published by a company. The objective of this study is to...
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Deferred Tax Reporting in Czech Limited Partnerships
This chapter discusses the role of deferred tax in pass-through entities and examines how Czech limited partnerships, which can be classified as...
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Did FIN 48 improve the map** between tax expense and future cash taxes?
The Financial Accounting Standards Board introduced FIN 48 (ASC 740-10) to increase relevance and comparability in the reporting of uncertain tax...
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Do bondholders incorporate expected repatriation taxes into their pricing of debt?
We examine whether repatriation tax liabilities affect bond pricing using four settings: (1) pricing on a new bond issuance, (2) pricing changes...
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Does IFRS information on tax loss carryforwards and negative performance improve predictions of earnings and cash flows?
We analyze the usefulness of accounting information on tax loss carryforwards and negative performance to predict earnings and cash flows. We use...
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How do most low ETR firms avoid paying taxes?
Evidence suggests a large proportion of profitable U.S. firms have low effective tax rates (i.e., an ETR between 0 and 10%). Despite widespread...
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The Effect of the Deferred Tax on Business Combinations in the Czech Republic
This chapter is a starting point of a research project which aims to analyze and evaluate various approaches to financial reporting of deferred tax...
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The impact of standard setting on individual investors: evidence from SFAS 109
We examine the response of individual investors to firms’ adoptions of SFAS 109 – Accounting for Income Taxes. We predict that SFAS 109 reduces...
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Taxation in Accounting
Taxes are a substantial and relevant part of accounting. They impact on the balance sheet as assets and liabilities. They can be assets if there is a...
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Interaction effects between dynamic hybrid products and traditional deferred annuities in the German life insurance market
Dynamic hybrid products emerged in 2007 and are now well established in the German life insurance market. In this article, we study interaction...
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Is information in deferred tax valuation allowance useful in predicting the firm’s ability to continue as a going concern incremental to MD&A disclosures and auditor’s going concern opinions?
This study explores the role of deferred tax valuation allowances, management’s discussion of ability to continue as a going concern, and auditor...
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Measuring the impact of tax loss carryforwards on capital structure choice: the accuracy of earnings-based proxies
Empirical studies on capital structure choice frequently control for whether or not a firm has tax loss carryforwards (TLCFs). However, tax data on...
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Differences between FIN 48 and IFRIC 23 A Critical Analysis
Uncertainties about the tax treatment of business transactions in the tax return or tax balance sheet can cause significant accounting challenges for...
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Tax-strategy-related words, firm’s ability, and tax avoidance
This study examines the linguistic cues of tax avoidance in 10-K filings by constructing a tax-strategy-related (TSR) word list. We find a positive...
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The Sale of Coca Tea: The Impact of Taxes
Taxes often have significant impacts on deal structures and deal considerations. A transaction could be structured as a stock or asset deal and as...
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Critical Analysis of the Conceptual Differences between FIN 48 and IFRIC 23
At first glance, the rules for accounting for uncertain tax positions under US GAAP and IFRS appear to be generally similar in their approach. Both...
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Taxation Principles and Concepts
This chapter describes the main principles and concepts of taxation. It discusses the definition of taxation and taxes, the main characteristics of a...
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Taxation in Finance
Taxes have a strong impact on the three main decisions (Investment, Financing, and Dividends) of Corporate Finance and, therefore, on creating...