Measuring corporate tax rate and tax base avoidance of US Domestic and US multinational firms*

• 成果类型: Article
• 署名作者: Lampenius, Niklas; Shevlin, Terry; Stenzel, Arthur
• 署名单位: University Hohenheim; University of California System; University of California Irvine; University of St Gallen
• 刊物名称: JOURNAL OF ACCOUNTING & ECONOMICS
• ISSN/ISSBN: 0165-4101
• DOI: 10.1016/j.jacceco.2021.101406
• 发表日期: 2021
• 关键词: taxable income; state; book; APPORTIONMENT; incentives; OWNERSHIP; shelters; debt

摘要

We develop an approach based on publicly available data to decompose and quantify tax avoidance into two separate components: tax rate avoidance and tax base avoidance. Our measures are based on the average statutory tax rate, which accounts for the statutory tax rates across all transactions of a firm. We illustrate and validate our measures using simulation data, the Tax Reform Act of 1986, the Tax Cuts and Jobs Act of 2017, changes in tax rate avoidance and tax base avoidance across time, bonus depreciation time periods, several sample splits of U.S. multinational and domestic firms, differences across industries, and firms operating in tax haven locations. The measures allow regulators and researchers to gain insights into these two conceptually different tax avoidance strategies. 0 2021 Elsevier B.V. All rights reserved.