Changes in corporate effective tax rates over the past 25 years

被引：206

作者：

Dyreng, Scott D. ^{[1
]}

Hanlon, Michelle ^{[2
]}

Maydew, Edward L. ^{[3
]}

Thornock, Jacob R. ^{[4
]}

机构：

[1] Duke Univ, Fuqua Sch Business, 100 Fuqua Dr, Durham, NC 27708 USA

[2] MIT, Sloan Sch Management, 100 Main St, Cambridge, MA 02142 USA

[3] Univ N Carolina, Kenan Flagler Coll Business, Chapel Hill, NC 27599 USA

[4] Brigham Young Univ, Marriott Sch Business, 519 Tanner Bldg, Provo, UT 84602 USA

来源：

JOURNAL OF FINANCIAL ECONOMICS | 2017年 / 124卷 / 03期

关键词：

Tax; Effective tax rates; Tax avoidance; Time trend; Foreign taxes; Domestic taxes; EARNINGS; INCOME; INCENTIVES; AVOIDANCE; SHELTERS; REPATRIATION; INVESTMENT; CASH;

D O I：

10.1016/j.jfineco.2017.04.001

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We investigate systematic changes in corporate effective tax rates over the past 25 years and find that effective tax rates have decreased significantly. Contrary to conventional wisdom, the decline in effective tax rates is not concentrated in multinational firms; effective tax rates have declined at approximately the same rate for both multinational and domestic firms. Moreover, within multinational firms, both foreign and domestic effective rates have decreased. Finally, changes in firm characteristics and declining foreign statutory tax rates explain little of the overall decrease in effective rates. (C) 2017 Elsevier B.V. All rights reserved.

引用

页码：441 / 463

页数：23

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