Corporate Tax Planning: GAAR: An Economic Test?—The Courts Divide
نویسندگان
چکیده
منابع مشابه
Extraterritorial Courts for Corporate Law
A central goal in devising a system of courts is to make judicial services easily accessible. As a result, justice is usually administered in a geographically decentralized fashion: trial courts are distributed across the territory in which the jurisdiction’s law is applied. Corporate law, however, does not fit this pattern: courts are often located far away from the companies subject to their ...
متن کاملAn Empirical Examination of Corporate Tax Noncompliance
This paper was prepared for the conference on Taxing Corporate Income in the 21 Century, jointly sponsored by the Office of Tax Policy Research at the Stephen M. Ross School of Business at the University of Michigan and the Robert D. Burch Center for Tax Policy and Public Finance at the University of California, Berkeley, and held in Ann Arbor on May 5 and 6, 2005. We appreciate guidance on dat...
متن کاملTax Policy and Corporate Borrowing
Aggregate statistics readily indicate why so many observers of financial markets in the United States are concerned about the balance between debt and equity in the corporate financial decision. Exceeding zero in most years before 1984, net equity issues by U.S. nonfinancial corporations have been negative in each year since. Net redemptions averaged approximately $80 billion annually during th...
متن کاملExternalities of Corporate Tax Avoidance
We show that when a meaningful proportion of firms in an economy engage in tax avoidance strategies, the covariance between a firm’s cash flow and the market cash flows increases, thereby increasing a firm’s cost of capital. This negative externality is imposed on all firms in the economy, not just tax-avoiding firms. The negative externality results regardless of the level of uncertainty assoc...
متن کاملHow do corporate tax bases change when corporate tax rates change? With implications for the tax rate elasticity of corporate tax revenues
We construct a new database of extensive margin changes to multiple aspects of corporate tax bases for OECD countries between 1980 and 2004. We use our data to systematically document the tendency of countries to implement policies that both lower the corporate tax rate and broaden the corporate tax base. This correlation informs our interpretation of previous estimates of the relationship betw...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Canadian Tax Journal/Revue fiscale canadienne
سال: 2020
ISSN: 0008-5111
DOI: 10.32721/ctj.2020.68.1.ctp