Ex Ante Severance Agreements and Tax Avoidance

2016 ◽  
Author(s):  
Kareen Brown ◽  
Yun Ke
Keyword(s):  
Tax Avoidance ◽  
Ex Ante ◽  
Severance Agreements

Tax Avoidance and Ex Ante Cost of Capital

2015 ◽  
Author(s):  
Kirsten A. Cook ◽  
William Moser ◽  
Thomas C. Omer
Keyword(s):  
Cost Of Capital ◽  
Tax Avoidance ◽  
Ex Ante

Mutual Recognition versus Transnational Administration in Tax Law: Is Fiscal Sovereignty Still Alive?

2020 ◽  
Vol 13 (3) ◽  
pp. 109-133
Author(s):  
Stefano Dorigo
Keyword(s):  
Economic Crisis ◽  
Legal System ◽  
Multinational Enterprises ◽  
Mutual Recognition ◽  
Tax Avoidance ◽  
Tax Law ◽  
Ex Ante ◽  
Recent Developments ◽  
International Tax

This paper analyses the evolution of the concept of mutual recognition in tax matters. For many decades, the prevailing idea was that a state's fiscal sovereignty prevented the recognition of a foreign tax decision. Now, however, the situation is changing, especially following the economic crisis of 2008 and the proliferation of international tax avoidance phenomena fed by multinational enterprises. As a consequence of these recent developments, tax decisions have often become the result of the contribution of several national authorities (sometimes also supported by supranational bodies). Mutual recognition has thus become basically useless. One can therefore speak about a new notion of tax sovereignty, according to which the peculiarities of a single legal system are not protected either through mutual closure or mutual recognition, but via ex ante procedural cooperation.

Does Ex Ante Severance Pay Affect the Timeliness of Bad News Disclosure? The Role of Managerial Exit Costs

2020 ◽  
pp. 0148558X2092098
Author(s):  
Herita Akamah ◽  
Bryan Brockbank ◽  
Sydney Qing Shu
Keyword(s):  
Positive Association ◽  
Bad News ◽  
Severance Pay ◽  
Extant Literature ◽  
Employment Termination ◽  
Exit Costs ◽  
Ex Ante ◽  
Severance Agreements

Extant literature documents a positive association between ex ante severance pay and timeliness of bad news disclosure, suggesting that the provision of severance pay is consistent with efficient contracting. Relying on an empirically unexplored theory, we investigate whether and how managerial exit costs (i.e., financial and nonfinancial losses triggered by employment termination) affect the effectiveness of severance pay in curbing bad news withholding. We find that managerial exit costs attenuate the positive association between severance pay and timely disclosure of bad news. Moreover, we document that severance pay does not prompt managers to reveal bad news when their exit costs are sufficiently high (i.e., in the top quartile). This result suggests that exit costs erode the efficacy of ex ante severance pay in curtailing bad news withholding. Overall, our findings support the notion that a “one-size-fits-all” approach to structuring severance agreements undermines the potential of severance pay to benefit investors.

Ex ante coherence shifts

2020 ◽  
Vol 43 ◽  
Author(s):  
Dan Simon ◽  
Keith J. Holyoak
Keyword(s):  
Course Of Action ◽  
Ex Ante ◽  
Rational Reasoning

Abstract Cushman characterizes rationalization as the inverse of rational reasoning, but this distinction is psychologically questionable. Coherence-based reasoning highlights a subtler form of bidirectionality: By distorting task attributes to make one course of action appear superior to its rivals, a patina of rationality is bestowed on the choice. This mechanism drives choice and action, rather than just following in their wake.

Pengaruh Konvergensi International Financial Reporting Standards (Ifrs) Terhadap Penghindaran Pajak(Tax Avoidance)

2018 ◽  
Vol 26 (2) ◽  
pp. 158-169
Author(s):  
Umi Wahidah ◽  
Sri Ayem
Keyword(s):  
Financial Reporting ◽  
Tax Evasion ◽  
Stock Exchange ◽  
Control Variable ◽  
Tax Avoidance ◽  
Sampling Technique ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Control Variables ◽  
Financial Reporting Standards

This research aimed to examine the effect of the convergence of International Financial Reporting Standards (IFRS) on tax avoidance on companies listed in Indonesia Stock Exchange. Tax avoidance that used in this research was Cash Efective Tax Rate (CETR). This research is also use the control variable to get other different influence that different such as CSR, size, and earning management (EM. This research used populations sector of transport service companies that listed in Indonesia Stock Exchange. The data of this research taken from secondary data that was from the Indonesia Stock Exchange in the form of Indonesian Capital Market Directory (ICMD) and the annual report of the company 2011-2015. The method of collecting sample was purposive sampling technique, the population that to be sampling in this research was populations that has the criteria of a particular sample. Companies that has the criteria of the research sample as many as 78 companies. The method of analysis used in this research is multiple regression analysis. Based on regression testing shows that the convergence of International Financial Reporting Standards (IFRS) has a positiveand significant impact on tax evasion. This shows that IFRS convergence actually improves tax evasion practices. The control variables of firm size and earnings management also significantly influence the application of IFRS in improving tax avoidance practices, while CSR control variables have no role in convergence IFRS in improving tax evasion practice.

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