How Useful Are Tax Disclosures in Predicting Effective Tax Rates? A Machine Learning Approach

Company Tax - Effective Tax Rates on Profits J . C . Stewart

Considerable controversy surrounds the measurement of profit in company accounts. Continuous inflation has underlined some of the problems involved. Current accounting practice in the United Kingdom and Ireland also obscures the amount of direct tax that companies pay. Kay and King (1980, p. 193) comment that the "effect of this accounting practice is that many companies, especially in manufact...

Corporate effective tax rates in Asian countries

This paper aims to (a) calculate Devereux and Griffith’s (2003) forward-looking effective tax rates for 12 Asian countries over a span of 30 years, (b) show the impact of tax holidays on the effective tax rate in Asian countries, and (c) empirically explore the possibility of tax competition among Asian countries. Through relevant analyses, I arrive at three key conclusions. First, while small ...

Is Tax Harmonization Useful?

It is a widely acknowledged result of the literature on capital tax competition that underprovision of public goods can only be avoided if tax coordination between governments is intensive and residence-based capital taxation can be enforced. In this paper we use a model where commodity and factor taxes are available and we show that governments competing for tax bases will choose a globally ef...

Are Corporate Tax Rates , or Countries , Converging ?

E-ZTax: Tax Salience and Tax Rates

This paper tests the hypothesis that the salience of a tax system affects equilibrium tax rates. I analyze how toll rates change after toll facilities adopt electronic toll collection, under which tolls are automatically deducted as the car drives through the toll plaza, eliminating the need to hand over cash. A survey I conducted indicates that drivers are much less aware of toll rates when th...