scholarly journals “More is less”: the tax effects of ignoring flow externalities

2003 ◽  
Vol 25 (3) ◽  
pp. 239-254 ◽  
Author(s):  
Leif K. Sandal ◽  
Stein Ivar Steinshamn ◽  
R.Quentin Grafton
Keyword(s):  
Tax Effects

Insider Tax Effects on Acquisition Structure and Value

2018 ◽  
Author(s):  
Michelle Hanlon ◽  
Rodrigo S. Verdi ◽  
Benjamin Yost
Keyword(s):  
Tax Effects

Taxes and Haven Activities: Evidence from Linguistic Cues

2021 ◽  
Author(s):  
Kelvin K. F. Law ◽  
Lillian Mills
Keyword(s):  
Tax Rates ◽  
Economic Activities ◽  
Effective Tax Rates ◽  
Tax Effects ◽  
Tax Haven ◽  
Linguistic Cues ◽  
Different Types ◽  
Information Set ◽  
Mere Existence ◽  
Offshore Activities

Users of Exhibit 21 cannot tell whether a tax haven subsidiary is actively operating or a dormant shell company.  In this paper, we develop a new set of parsimonious measures to highlight the distinct mechanisms and tax effects of offshore sales to, as opposed to purchases from, tax haven countries, offering insights on the effects of certain types of offshoring activities on firms’ tax burdens.  Our main measure has about three times the effect of the mere existence of a haven subsidiary in explaining firms’ effective tax rates.  We detail the processes to predict the offshore activities in tax haven countries for firms without an Exhibit 21 and firms reporting no subsidiary operations in a tax haven country.  Relative to the mere mention of a tax haven subsidiary in Exhibit 21, our new measures provide a richer information set to capture different types of economic activities in tax haven countries.

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