We describe a methodology that integrates the narrative approach to the identification of macroeconomic shocks into existing structural VAR settings while allowing for measurement error in the narrative measures of the shocks of interest. We apply our methodology to the fiscal VAR setup of Blanchard and Perotti (2002) and make use of the tax shocks constructed by Romer and Romer (2009). We find...

We study corporate income tax competition when firms operating in multiple jurisdictions can shift income using financial planning strategies. Several such strategies, particularly intra-corporate lending, appear to be actively pursued by companies to reduce subnational corporate taxes in Canada. A simple theoretical model shows how interjurisdictional tax planning can give rise to asymmetries ...

This study explores the feasibility of implementing a sustainable funding mechanism for ocean and coastal management in Jamaica. Results show that tourists are more willing to pay for an ‘‘environmental tax’’ than a general ‘‘tourism development tax’’. The study found that an environmental surcharge of US$2 per person could generate $3.4M per year for management with 0.2% rate of decline in tou...

This paper evaluates a comprehensive list of metrics proposed for detecting earnings management in a setting where managers manipulate earnings to round up reported EPS. I find that deferred tax expense is able to detect earnings management in the rounding-up setting while discretionary accruals models are not. Further analysis provides evidence that firms manipulate bad debt expense for the pu...

The purpose of this study is to analyze the application tax review corporate income as a management strategy on PT. X Period 2017-2019. research method used in qualitative descriptive. data was obtained from interviews, observations, document studies and online research. This conducted at PT for period 2017, 2018 2019. results related implementation fiscal correction that carried out not accord...

budget plays an important role in public sector management and administration .one of its components is revenues forecasting and without the necessary accuracy in predicting revenues, government deficit will occur and people are incapable of facing with losses of reducing of important and essential services like education and health care. in this study, the rational expectations hypothesis is a...