EconStor >
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
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorArachi, Giampaoloen_US
dc.contributor.authorBucci, Valeriaen_US
dc.date.accessioned2010-12-13en_US
dc.date.accessioned2011-06-29T11:20:58Z-
dc.date.available2011-06-29T11:20:58Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/46539-
dc.description.abstractThis 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 In particular the tax deductibility of write-offs of equity investment was repealed in 2004.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.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper: Public Finance 3261en_US
dc.subject.jelH25en_US
dc.subject.jelH32en_US
dc.subject.jelK34en_US
dc.subject.jelM41en_US
dc.subject.ddc330en_US
dc.subject.keywordcorporate taxationen_US
dc.subject.keywordwrite-offs of equity investmentsen_US
dc.subject.keywordfinancial reportingen_US
dc.subject.keywordtax planningen_US
dc.subject.stwKörperschaftsteueren_US
dc.subject.stwSteuerbegünstigungen_US
dc.subject.stwKapitalbeteiligungen_US
dc.subject.stwSteuerwirkungen_US
dc.subject.stwBilanzpolitiken_US
dc.subject.stwSteuerplanungen_US
dc.subject.stwItalienen_US
dc.titleTaxes and financial reporting: Evidence from discretionary investment write-offs in Italyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn641610548en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:CESifo Working Papers, CESifo Group Munich

Files in This Item:
File Description SizeFormat
641610548.pdf181.25 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.