Determinants of the variability in corporate effective tax rates: evidence from longitudinal data

Article Abstract:

A study of the determinants in the variability of effective tax rates (ETRs) in corporations, using longitudinal data gathered before and after the Tax Reform Act of 1986 (TRA86) was made. The findings show that ETRs have no relation with the corporation's size, either before or after TRA86, when studied over a long period or when concerning a company with a longer history. ETRs, however, are related with a company's capital structure, asset mix, and profitability. The study also criticizes the views of Citizens for Tax Justice as well as the effectiveness of TRA86.

Corporations, Corporate Tax Rates, Research, Usage, Taxation, Corporate taxes, Longitudinal method, Tax policy, Tax rates, Longitudinal studies, Citizens for Tax Justice

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Target shareholders' returns: the effect of diversity in accounting standards and tax treatments in cross-border acquisitions

Article Abstract:

A study on the effect of international differences in goodwill accounting methods and tax rules and the Tax Reform Act of 1986 on offer premiums in foreign and domestic acquisitions of U.S. target companies from 1982-89 was made. The study shows that the act did not affect domestic offer premiums, though premiums for both groups as well as foreign acquisitions increased after it. The study shows no indication of a relation between offer premiums and accounting standards, but it does seem to affect company acquisition choice.

Tax Law, Accounting Methods, Mergers, acquisitions and divestments, Acquisitions and mergers, Investments, Foreign corporations, Accounting and auditing, Accounting, Goodwill (Business)

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An analysis of the distributional effects of replacing the progressive income tax with a flat tax

Article Abstract:

The distributional impact of using the Arlen Specter flat tax proposal or the Armey-Shelby-Craig flat tax proposal as a replacement for the current income tax system is examined. Using data from the Statistics of Income Panel of Individual Returns, statistical analysis shows that the flat tax system increases the average tax rates of first income decile taxpayers. Moreover, for taxpayers reporting business income, flat systems sre shown to be partially regressive as opposed the current system.

Personal Income Taxes, Analysis, Income tax, Personal income tax, Flat tax

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