The Experts below are selected from a list of 43197 Experts worldwide ranked by ideXlab platform
Terry Shevlin - One of the best experts on this subject based on the ideXlab platform.
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the Tax policy debate increasing the policy impact of academic Tax Accounting research
Journal of The American Taxation Association, 2016Co-Authors: Roy Clemons, Terry ShevlinAbstract:ABSTRACT: Motivation— Academic Accounting journals publish research with potential policy implications; however, the published manuscripts are often not considered by policymakers. We argue that the academic research currently being produced by accountants can have an increased policy impact. Objective— Our objective is to discuss how the policy impact of the academic research currently being produced can be increased by effectively integrating, presenting, and disseminating information that is useful to policymakers. Contribution to the Academic Literature— We offer the following recommendations to increase the policy impact of academic research: (1) integrate a discussion of the debate surrounding the Tax policy issue under study into the manuscript; (2) explicitly offer detailed interpretations and implications of the research results; (3) proffer normative statements based on the empirical evidence; (4) provide a synopsis of the manuscript's contribution to the policy debate via a structured abstract;...
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the Tax policy debate increasing the policy impact of academic Tax Accounting research
Social Science Research Network, 2015Co-Authors: Roy Clemons, Terry ShevlinAbstract:While academic Accounting journals publish research with potential policy implications, policy makers often do not consider these articles. Useful information currently being produced by Accounting researchers can have a greater policy impact if it is effectively integrated, presented, and disseminated to policy makers. This paper offers five recommendations aimed at increasing the probability that pertinent academic Tax Accounting research will be used in the policy-making process: (1) integrate a discussion of the debate surrounding the Tax policy issue under study into the manuscript, (2) offer detailed interpretations and implications of the research results, (3) proffer normative statements based on the empirical evidence, (4) provide a synopsis of the manuscript’s contribution to the policy debate via a structured abstract, and (5) utilize additional communication channels to increase the visibility of the academic research to those interested in Tax policy.
Michael J Calegari - One of the best experts on this subject based on the ideXlab platform.
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the effect of Tax Accounting rules on capital structure and discretionary accruals
Journal of Accounting and Economics, 2000Co-Authors: Michael J CalegariAbstract:Abstract This study investigates the effect of changing Tax Accounting provisions for long-term manufacturing contracts between 1984–1985 and 1989–1990 on debt and accrual policies using a simultaneous equations approach. The results indicate that firms adjust debt ratios and discretionary accruals with relatively high book-Tax conformity to achieve Tax planning goals and use discretionary accruals with relatively low book-Tax conformity to accomplish financial reporting objectives. Manufacturing firms directly affected by the change in Tax rules for long-term contracts increase their leverage by 6.2 percentage points more than other manufacturers.
Douglas J. Skinner - One of the best experts on this subject based on the ideXlab platform.
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the rise of deferred Tax assets in japan the role of deferred Tax Accounting in the japanese banking crisis
Journal of Accounting and Economics, 2008Co-Authors: Douglas J. SkinnerAbstract:This paper provides evidence on the role of deferred Taxes in the recent financial crisis among Japanese banks. Upon adoption of deferred Tax Accounting in FY1998, the major Japanese banks recognized net deferred Tax assets of ¥6.6 trillion ($55 billion). Without these assets, the banks would have been insolvent. The evidence supports the conclusion that Japanese regulators used deferred Tax Accounting as part of a regulatory forbearance strategy, and that bank managers used these assets to bolster their banks’ regulatory capital. The results show how ostensibly similar Accounting rules can be implemented very differently, and so have implications for IFRS.
Roy Clemons - One of the best experts on this subject based on the ideXlab platform.
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the Tax policy debate increasing the policy impact of academic Tax Accounting research
Journal of The American Taxation Association, 2016Co-Authors: Roy Clemons, Terry ShevlinAbstract:ABSTRACT: Motivation— Academic Accounting journals publish research with potential policy implications; however, the published manuscripts are often not considered by policymakers. We argue that the academic research currently being produced by accountants can have an increased policy impact. Objective— Our objective is to discuss how the policy impact of the academic research currently being produced can be increased by effectively integrating, presenting, and disseminating information that is useful to policymakers. Contribution to the Academic Literature— We offer the following recommendations to increase the policy impact of academic research: (1) integrate a discussion of the debate surrounding the Tax policy issue under study into the manuscript; (2) explicitly offer detailed interpretations and implications of the research results; (3) proffer normative statements based on the empirical evidence; (4) provide a synopsis of the manuscript's contribution to the policy debate via a structured abstract;...
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the Tax policy debate increasing the policy impact of academic Tax Accounting research
Social Science Research Network, 2015Co-Authors: Roy Clemons, Terry ShevlinAbstract:While academic Accounting journals publish research with potential policy implications, policy makers often do not consider these articles. Useful information currently being produced by Accounting researchers can have a greater policy impact if it is effectively integrated, presented, and disseminated to policy makers. This paper offers five recommendations aimed at increasing the probability that pertinent academic Tax Accounting research will be used in the policy-making process: (1) integrate a discussion of the debate surrounding the Tax policy issue under study into the manuscript, (2) offer detailed interpretations and implications of the research results, (3) proffer normative statements based on the empirical evidence, (4) provide a synopsis of the manuscript’s contribution to the policy debate via a structured abstract, and (5) utilize additional communication channels to increase the visibility of the academic research to those interested in Tax policy.
Christoph Spengel - One of the best experts on this subject based on the ideXlab platform.
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2009. Common Corporate Tax Base (CCTB) and effective Tax burdens in the EU member states. ZEW Discussion Paper No
2020Co-Authors: Andreas Oestreicher, Christoph Spengel, Timo ReisterAbstract:Die Dis cus si on Pape rs die nen einer mög lichst schnel len Ver brei tung von neue ren For schungs arbei ten des ZEW. Die Bei trä ge lie gen in allei ni ger Ver ant wor tung der Auto ren und stel len nicht not wen di ger wei se die Mei nung des ZEW dar. Dis cus si on Papers are inten ded to make results of ZEW research prompt ly avai la ble to other eco no mists in order to encou ra ge dis cus si on and sug gesti ons for revi si ons. The aut hors are sole ly respon si ble for the con tents which do not neces sa ri ly repre sent the opi ni on of the ZEW. Download this ZEW Discussion Paper from our ftp server: ftp://ftp.zew.de/pub/zew-docs/dp/dp09026.pdf Non-technical Summary EU companies face many Tax obstacles in their EU-wide cross-border activities. These include the high compliance costs, the lack of cross-border loss-offset and the risk of double Taxation as a result of conflicting rights between member states. To tackle these problems, the European Commission envisages putting forward a proposal for a Tax reform that would allow improving the efficiency and simplicity of the corporate income Tax systems in the EU. One policy option is the introduction of a Common Corporate Tax Base (CCTB) that would replace the current 27 Tax codes for the computation of Taxable income across member states by a single and common set of Tax rules. The idea of this paper is to provide an analysis of the consequences which an adoption of a CCTB would have on effective Tax burdens of EU companies located in each of the 27 member states, using the model of the European Tax Analyzer. The Tax Accounting rules considered are based on the proposals of the working group concerned with the Common Consolidated Corporate Tax Base and comprise concrete Taxation rules for eight different elements of the Tax base: depreciation rules, valuation of inventories, determination of production costs, treatment of R&D costs, provisions for future pension payments, provisions for legal obligations, avoidance of double Taxation of dividend income and loss relief. Quantitative analyses executed for EU-27 average large and small and medium-sized companies show remarkable dispersions of effective Tax burdens at corporate level across member states. Furthermore, the results indicate that the proposed CCTB has a considerable impact on effective Tax burdens. Primarily caused by restrictive depreciation rules the concept would generally broaden the Tax bases within the EU if all member states uniformly adopt a CCTB. Consequently, behind the background of revenue neutrality of an introduction of a CCTB the results suggest that the implementation of the analyzed common set of Tax rules could be accompanied by a reduction of nominal Tax rates within in EU member states. Abstract The article assesses the impact of a Common Corporate Tax Base (CCTB) as promoted by the European Commission and the related Working Groups on the effective Tax burdens of companies in all 27 EU member states. The results shall help to evaluate the economic consequences of introducing a harmonized set of Tax Accounting rules for EU-based companies. The proposals for a CCTB covered here include depreciation on intangibles, machinery, buildings, furniture and fixture, simplified valuation of inventories, determination of production costs for stocks, treatment of costs for R&D as part of production costs, provisions for future pension payments, provisions for legal obligations, avoidance of double Taxation regarding dividend income, and loss relief. The proposed options for a CCTB are applied for average EU-27 corporations of different size as well as for model companies belonging to different economic sectors
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Tax harmonisation in europe the determination of corporate Taxable income in the eu member states
European taxation, 2007Co-Authors: Andreas Oestreicher, Christoph SpengelAbstract:The aim of this paper is twofold. First, we want to examine whether and if so, to what extent, the concept of International Financial Reporting Standards (IFRS) meets the requirements of a Common Consolidated Corporate Tax Base (CCCTB) for the EU-wide activities of multinationals as proposed by the European Commission. Second, we estimate the consequences on the effective levels of company Tax burdens in selected EU member states if IFRS are considered as a tool for defining the Tax base. Our analysis reveals that IFRS could provide elements of a common and harmonised European Tax base in certain areas. In particular, Tax Accounting still has to follow the realisation principle. Therefore, IFRS ?fair value-Accounting? cannot be adopted for Tax purposes. A transition to Tax Accounting on the basis of IFRS has only minor effects on the effective Tax burdens of companies.
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the determination of corporate Taxable income in the eu member states
2006Co-Authors: Dieter Endres, Andreas Oestreicher, Wolfram Scheffler, Christoph SpengelAbstract:The survey underpinning this invaluable work was inspired by an increasing appreciation within the EU of the need to achieve some degree of direct Tax harmony. The essential starting point for such an undertaking is a set of standardized rules for the computation of EU-wide income. Company law developments point to the International Accounting Standards (IAS) / International Financial Reporting Standards (IFRS) financial statements as a basis from which to work. IFRS are now required for published group accounts and are allowed for single-company financial statements. However, as explained in the text, there are serious drawbacks to basing any form of national Taxation on IFRS as they stand. IFRS are not designed with Tax policy objectives in mind and change too frequently to satisfy any claim to Tax legal certainty. Public debate is hampered by a general lack of knowledge of Tax Accounting customs in other countries, especially as reliable works are often only available in the local language. This comprehensive survey conducted by the universities of Goettingen, Mannheim, and Erlangen-Nuremberg with the support of PricewaterhouseCoopers fills that gap. For the first time, details of the Tax computations for corporations from all twenty-five member states of the EU have been collated in a common format and are compared with the IFRS treatment. The book is an invaluable reference work providing the practitioner with a broad range of information on the Tax Accounting rules in all EU countries. The reader seeking a general impression of the scope of the problem will quickly see the amount of adjustment needed if IFRS is taken as a starting point for designing a set of common Tax Accounting rules. The reader seeking a basis for taking an active part in the public debate will find a wealth of detail in the Appendices showing exactly how each country computes Taxable income and grants Tax incentives. The work, unrivalled in the literature, addresses a major knowledge deficit; its tabular form presentation allows exact comparison between all EU countries as well as between the present rules of any one country and the IFRS requirements.
