1960-2016年GAAP ETR下降趋势

IF 3.6 Q1 BUSINESS, FINANCE Review of Accounting and Finance Pub Date : 2022-10-21 DOI:10.1108/raf-09-2021-0248
Yuzhu Lu, L. Shao, Yue Zhang
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引用次数: 0

摘要

目的本研究旨在对1960-2016年公认会计原则ETR趋势的原因进行全面分析。设计/方法/方法作者使用线性税收函数,该函数允许时变系数来跟踪1960-2016年间公认会计准则ETR的趋势。这种方法可以将ETR趋势分解为法定税率的趋势、认税倾向、与税收相关的企业特征及其系数。因此,作者可以量化税收函数中每个因素对ETR趋势的贡献。发现1988年以前,税收支出的下降趋势主要是由法定税率的变化推动的;相比之下,1988年之后,这一趋势完全可以用企业确认税收支出的倾向性下降来解释。尽管在不同的公司群体中普遍存在,但在最近30年中,确认税收支出的倾向有所下降 在那些对节税需求更高或节税优势更大的公司中,年份更为明显。原创性/价值据作者所知,这项研究是第一次使用趋势分析来检验长期(1960-2016)税收下降趋势的原因。结果表明,尽管这一趋势出现在整个样本期,但在时间窗口的前半段和后半段之间,它是由不同的力驱动的。承认税收支出的倾向性下降是近年来这一趋势的主要原因,这需要学术界和政策制定者的关注。研究结果还显示,哪些公司在确认税收支出的倾向上有更快的趋势,这为税务执法和税务研究人员提供了目标。
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The declining GAAP ETR trend over 1960-2016
Purpose This study aims to provide a comprehensive analysis on the reasons of the observed trend in the GAAP ETR over 1960–2016. Design/methodology/approach The authors use a linear tax function which allows for time-varying coefficients to track the trend in GAAP ETR over 1960–2016. This approach can decompose the ETR trend into the trends of the statutory tax rate, the propensity to recognize taxes, the tax-related firm characteristics and their coefficients. Thus, the authors can quantify the contribution of each factor in the tax function to the ETR trend. Findings Before 1988, the declining trend in tax expense is mainly driven by changes in the statutory tax rate; in contrast, after 1988, the trend is completely explained by firms’ decreasing propensity to recognize tax expense. While prevalent across different groups of firms, the decreasing propensity to recognize tax expense in the recent 30 years is more pronounced among firms that have higher needs for tax savings or greater tax-saving advantages. Originality/value To the best of the authors’ knowledge, this study is the first one that uses a trend analysis to examine the reasons for the downward trend in tax expense over a long period (1960–2016). The results show that, although the trend appears for the full sample period, it is driven by different forces between the first and second half of the time window. A decreasing propensity to recognize tax expense is the main reason for only the trend in recent years, which calls for attention from academia and policymakers. The results also show which firms have had faster trends in their propensity to recognize tax expense, suggesting targets for tax enforcement and tax researchers.
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CiteScore
4.30
自引率
0.00%
发文量
18
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