What Can We Infer about a Firm's Taxable Income from Its Financial Statements?

By Michelle Hanlon. National tax journal, 2003

314 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/4c3f996f4d3c32ad121d9b1de95c2bd19b4898ce

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Citations in the corpus

Credit Ratings and Taxes: The Effect of Book–Tax Differences on Ratings Changes (2008, background): “liability and hence taxable income from financial statement disclosures (Hanlon 2003).”
Audit Fees and Book-Tax Differences (2012, unknown): “…error when using financial data to infer information about taxable income for the entities included in the financial statement consolidation, it does pose serious problems when trying to link tax return data to financial statement data (Hanlon 2003, Plesko 2002, and Mills and Plesko 2003).”
Investment Incentives and Corporate Tax Asymmetries (2010, unknown): “Hanlon, Laplante, and Shevlin (2005) construct,”
Will a departure from tax-based accounting encourage tax noncompliance? Archival evidence from a transition economy (2010, unknown): “Although Hanlon et al. (2007) find that firm size is positively associated with the level of tax noncompliance, Mills (1998) fails to find such an effect.”
A review of tax research (2010, unknown): “and acquisition activity—see Collins and Hribrar (2002) and Hanlon (2003)).”
Taxable income as a performance measure: The effects of tax planning and earnings quality (2009, unknown): “Nonetheless, we are unable to eliminate the possibility that other events influenced the relative and incremental information content of estimated taxable income for these firms during this period.”
Performance Measurement of Corporate Tax Departments (2010, background): “29 Supplemental Analyses Hanlon and Heitzman (2009) partition tax planning into two components: cash tax planning”
Bridging the Reporting Gap: A Proposal for More Informative Reconciling of Book and Tax Income (2003, background): “…book and taxable income Financial Statement Reconciliation – SFAS 109 requirements for tax footnote disclosures As discussed in a companion paper, Hanlon (2003) concludes that the tax footnotes in financial statements are inadequate for precisely determining U.S. taxable income or…”
Corporate Tax Avoidance and Firm Value (2009, unknown): “For discussions of these limitations, see Hanlon (2003). 12 Clearly, this is an underestimate of the firm’s total stock option deductions, as it only includes exercises by a subset of employees.”