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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/46539
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| DC Field | | Value | | Language |
| dc.contributor.author | | Arachi, Giampaolo | | en_US |
| dc.contributor.author | | Bucci, Valeria | | en_US |
| dc.date.accessioned | | 2010-12-13 | | en_US |
| dc.date.accessioned | | 2011-06-29T11:20:58Z | | - |
| dc.date.available | | 2011-06-29T11:20:58Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/46539 | | - |
| dc.description.abstract | | This paper provides further empirical evidence on the relationship between taxes and financial reporting by focusing on accounting decisions to write-offs equity investments. The analysis is based on panel data for Italian companies. In the period 1998-2006 the Italian corporate income tax has been reformed several times. In particular the tax deductibility of write-offs of equity investment was repealed in 2004. The paper exploits the ensuing high cross-sectional and times series variation in the marginal tax rate to identify tax effects. The econometric analysis delivers strong evidence that taxes affect the probability of write-offs. In contrast there is no evidence that taxes affect the magnitude of the write-offs. The paper also tests for the existence of a trade-off between tax minimization and non tax costs such as financial reporting costs and agency costs. Surprisingly, the evidence of such trade-off is rather weak. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper: Public Finance 3261 | | en_US |
| dc.subject.jel | | H25 | | en_US |
| dc.subject.jel | | H32 | | en_US |
| dc.subject.jel | | K34 | | en_US |
| dc.subject.jel | | M41 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | corporate taxation | | en_US |
| dc.subject.keyword | | write-offs of equity investments | | en_US |
| dc.subject.keyword | | financial reporting | | en_US |
| dc.subject.keyword | | tax planning | | en_US |
| dc.subject.stw | | Körperschaftsteuer | | en_US |
| dc.subject.stw | | Steuerbegünstigung | | en_US |
| dc.subject.stw | | Kapitalbeteiligung | | en_US |
| dc.subject.stw | | Steuerwirkung | | en_US |
| dc.subject.stw | | Bilanzpolitik | | en_US |
| dc.subject.stw | | Steuerplanung | | en_US |
| dc.subject.stw | | Italien | | en_US |
| dc.title | | Taxes and financial reporting: Evidence from discretionary investment write-offs in Italy | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 641610548 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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