The Resource Accumulation of tax-loss carryforwards : the role of book-tax non-conformity

Accumulation of tax-loss carryforwards : the role of book-tax non-conformity

Label
Accumulation of tax-loss carryforwards : the role of book-tax non-conformity
Title
Accumulation of tax-loss carryforwards : the role of book-tax non-conformity
Creator
Subject
Language
eng
Summary
Using confidential corporate income tax return data, this paper investigates the association between book-tax non-conformity (measured as book-tax differences) and tax-loss carryforwards (TLCFs). The author finds that TLCFs are positively associated with temporary and permanent book-tax differences. Firms with positive pre-tax book income and negative taxable income (double-picture firms) drive the positive association between TLCFs and temporary book-tax differences, whereas the positive association of TLCFs and permanent book-tax differences is present for double-picture firms and the remaining firms. The results suggest that double-picture firms, which feature high TLCFs compared to their size and to the remaining firms, use temporary book-tax differences to report a lower taxable income than pre-tax book income. Thus, this paper contributes to the understanding of the drivers of rising TLCFs. This is important, as offsetting TLCFs against future profits jeopardizes a country's tax revenue
http://library.link/vocab/creatorName
Kohlhase, S
Geographic coverage
  • European Union
  • Europe
Index
no index present
Language note
English
Literary form
non fiction
Series statement
WU International Taxation Research Paper Series
Series volume
no. 2016-03
http://library.link/vocab/subjectName
  • corporate income tax
  • public finance
  • losses
  • carry-over
Label
Accumulation of tax-loss carryforwards : the role of book-tax non-conformity
Instantiates
Publication
Extent
40 p.
Label
Accumulation of tax-loss carryforwards : the role of book-tax non-conformity
Publication
Extent
40 p.

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
Processing Feedback ...