کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5101000 | 1479099 | 2017 | 44 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Tax avoidance in response to a decline in the funding status of defined benefit pension plans
ترجمه فارسی عنوان
اجتناب مالیاتی در پاسخ به کاهش وضعیت مالی برنامه های بازنشستگی تعریف شده
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
We examine the effect of the funding status of defined benefit (DB) pension plans on company tax avoidance behavior. Our results reveal that firms engage more in tax avoidance when the pension deficit, defined as pension liabilities minus pension assets scaled by total assets, increases. We find that for an average pension deficit firm one standard deviation increase in pension deficit is associated with annual tax savings of $3.64Â million. For 2014 we find that, on the aggregate level, for firms with underfunded DB pension plans a one standard deviation increase in pension deficit is associated with annual tax savings of more than 2.7Â billion dollars. Our results hold after controlling for factors such as profitability, financial constraints, operating losses, and foreign income.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Financial Markets, Institutions and Money - Volume 48, May 2017, Pages 99-116
Journal: Journal of International Financial Markets, Institutions and Money - Volume 48, May 2017, Pages 99-116
نویسندگان
Neeru Chaudhry, Hue Hwa Au Yong, Chris Veld,