通过高级税收裁定进行税收筹划——利用卢森堡税收泄密进行探索性分析

IF 2.5 3区 管理学 Q2 BUSINESS, FINANCE European Accounting Review Pub Date : 2023-03-16 DOI:10.1080/09638180.2023.2182336
Oliver Zhen Li, Stephen J. Lusch, Frank Murphy
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引用次数: 1

摘要

我们使用卢森堡先进的税收裁决(atr),为读者提供洞察使用atr的税收规划的性质。因此,我们描述性地检查这个泄露的卢森堡ATR样本,并评估与请求卢森堡ATR相关的决定因素和结果。我们发现,要求ATR的决定因素在金融服务公司和工业公司之间有所不同。我们发现,当非ATR企业拥有ATR企业的特征时,市场会产生积极的溢出反应。虽然先前的研究证明了atr与避税之间的正相关,但我们未能证明atr与税收风险之间的显著关系。然而,我们确实发现,被要求在财务报表中披露未确认税收优惠的公司在要求ATR后记录了更高的utb,这表明ATR可能会导致ATR本身未涵盖的司法管辖区的更高不确定性。我们的研究为跨国公司通过组织转移收入的交易提供了洞见。
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Tax Planning Through Advanced Tax Rulings – An Exploratory Analysis Using the Luxembourg Tax Leaks
We use Luxembourg advanced tax rulings (ATRs) to provide readers with insight into the nature of tax planning that uses ATRs. Accordingly, we descriptively examine this sample of leaked Luxembourg ATRs and evaluate the determinants and outcomes associated with requesting a Luxembourg ATR. We find that the determinants of requesting an ATR differ between financial services firms and industrial firms. We document a positive spillover market reaction to non-ATR firms sharing characteristics of ATR firms. While prior research documents a positive association between ATRs and tax avoidance, we fail to document a significant relations between ATRs and tax risk. We do, however, find that firms that are required to disclose unrecognized tax benefits in their financial statements record higher UTBs after requesting an ATR, which suggests that ATRs may lead to higher uncertainty in jurisdictions not covered by the ATR itself. Our research provides insight into transactions used by MNEs to move income through organizations.
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来源期刊
European Accounting Review
European Accounting Review BUSINESS, FINANCE-
CiteScore
7.00
自引率
6.10%
发文量
58
期刊介绍: Devoted to the advancement of accounting knowledge, it provides a forum for the publication of high quality accounting research manuscripts. The journal acknowledges its European origins and the distinctive variety of the European accounting research community. Conscious of these origins, European Accounting Review emphasises openness and flexibility, not only regarding the substantive issues of accounting research, but also with respect to paradigms, methodologies and styles of conducting that research. Though European Accounting Review is a truly international journal, it also holds a unique position as it is the only accounting journal to provide a European forum for the reporting of accounting research.
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