Charitable Constributions by Businesses: A Tax Policy Perspective

We provide archival evidence on firms' book-tax reporting differences using tax return data on public and private manufacturing firms. Prior research suggests that managers should report conforming book income to minimize tax-related costs. However, reporting conformity can also impose nontax costs. We find evidence that public firms have generally higher financial-reporting costs that result in larger book-tax differences. In addition, we find that higher debt levels impose greater nontax costs on firms that are privately held or more financially distressed. Finally, our tests of differences among public firms suggest that nontax costs associated with bonus plan thresholds and book income patterns affect their book-tax reporting. Our tests extend prior studies that focus on whether firms engage in specific conforming transactions. From a tax policy perspective, our results suggest that book-tax differences may be a less useful indicator of private firms' aggressive tax positions because they have fewer incentives to report nonconforming book income.

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Steps To A Healthier US: A Program And Policy Perspective: Prevention Programs in Action

PsycEXTRA Dataset ◽

10.1037/e310932004-001 ◽

2003 ◽

Author(s):

Keyword(s):

Prevention Programs ◽

Policy Perspective

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Economic Effects of 2004-2009 Tax Reforms: Retrospective Analysis

Voprosy Ekonomiki ◽

10.32609/0042-8736-2012-2-108-123 ◽

2012 ◽

pp. 108-123

Author(s):

E. Penukhina ◽

D. Belousov ◽

K. Mikhailenko

Keyword(s):

Retrospective Analysis ◽

Tax Policy ◽

Economic Effects ◽

Tax Policies ◽

Policy Changes ◽

Tax Reforms ◽

Russian Economy ◽

Balanced Budget ◽

Budget System

The article determines, describes and analyzes phases of tax reforms in Russia. We estimate macroeconomic and fiscal effects of various tax policies held during the second and third phases of tax reforms. The necessity of providing a balanced budget system, as well as complex assessment of effects of tax policy changes for the development of the Russian economy is noted.

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Tax competition and the activity of the regional tax policy

Voprosy Ekonomiki ◽

10.32609/0042-8736-2020-10-5-27 ◽

2020 ◽

pp. 5-27

Author(s):

S. M. Drobyshevsky ◽

N. S. Kostrykina ◽

A. V. Korytin

Keyword(s):

Tax Competition ◽

Tax Policy ◽

Fiscal Federalism ◽

Policy Instruments ◽

Tax Incentives ◽

Fiscal Autonomy ◽

Tax Legislation ◽

Tax Exemptions ◽

Open Question ◽

Regional Budgets

The problem of efficiency of regional tax expenditures is an actual issue of the fiscal policy and fiscal federalism in Russia. A large fiscal autonomy allows federal subjects to realize a more active tax policy to attract new investments. One cannot claim current fiscal powers of the Russian regions to be wide. However, not all the regions use even existing tax policy instruments. Moreover, out of the regions that use them only few provide incentives to stimulate investment decisions. Others use regional tax measures to support businesses that already have strong positions in the region. And it is an open question whether such tax incentives are efficient. On the other hand, an aggressive tax competition for investors can also be wasteful for regional budgets. In this paper, we calculate indicators that characterize the depth and scope of tax exemptions provided at the regional level. The calculations are based on the open tax statistics. Through the analysis of the tax legislation as well as the economic structure of selected regions, we reveal the inducements of their higher activity: federal regional tax policy, tax competition or benefits for budget-forming companies of the region.

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