{"title":"Strategic Corporate Tax Lobbying","authors":"Janet A. Meade, Shihong Li","doi":"10.2308/ATAX-51043","DOIUrl":null,"url":null,"abstract":"ABSTRACT: We investigate the motivation for and outcome of corporate participation in shaping tax policy via lobbying. We posit that generally tax-sophisticated firms lobby on tax issues and that their motives for doing so are either to obtain a tax benefit or to avoid losing one. We label these motives as strategic and defensive tax lobbying, respectively, and we empirically investigate whether strategic lobbying yields a measurable reduction in future tax rates. Using a proxy measure of strategic tax lobbying, we find a significant and negative relation between our measure and future cash ETRs. Alternative specifications of our primary model produce similar results.","PeriodicalId":45477,"journal":{"name":"Journal of the American Taxation Association","volume":"37 1","pages":"23-48"},"PeriodicalIF":1.3000,"publicationDate":"2015-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"23","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of the American Taxation Association","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2308/ATAX-51043","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 23
Abstract
ABSTRACT: We investigate the motivation for and outcome of corporate participation in shaping tax policy via lobbying. We posit that generally tax-sophisticated firms lobby on tax issues and that their motives for doing so are either to obtain a tax benefit or to avoid losing one. We label these motives as strategic and defensive tax lobbying, respectively, and we empirically investigate whether strategic lobbying yields a measurable reduction in future tax rates. Using a proxy measure of strategic tax lobbying, we find a significant and negative relation between our measure and future cash ETRs. Alternative specifications of our primary model produce similar results.
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