Lost in Translation: Detecting Tax Shelter Activity in Financial Statements

By Gary A. Mcgill, Edmund Outslay. National tax journal, 2004

162 citations recorded by the source corpus.

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The Spread of Aggressive Corporate Tax Reporting: A Detailed Examination of the Corporate-Owned Life Insurance Shelter (2011, background): “Tax shelter activity is difficult to detect in the financial statements (McGill and Outslay 2004).”
Incentives for Tax Planning and Avoidance: Evidence from the Field (2014, background): “…reputation as a construct is difficult to measure and outcomes of tax planning strategies are not always reflected in financial statements, as discussed by McGill and Outslay (2004), particularly their discussion of how Enron’s tax strategies were not reflected in financial statement measures.”
A review of tax research (2010, unknown): “Hanlon (2003) and McGill and Outslay (2004) and others discuss and show the potential issues in conducting such an exercise.”
Taxes and Financial Constraints: Evidence from Linguistic Cues (2015, unknown): “Third, we complement recent studies quantifying specific components of hard-toprocess tax information in firms’ annual reports (McGill and Outslay (2004), Raedy, Seidman, and Shackelford (2011), Wang (2011), Gupta, Laux, and Lynch (2013), Higgins (2013)).”
The Incentives for Tax Planning (2012, background): “See McGill and Outslay (2004) for further discussion of the prevalence of permanent difference creation in tax shelter arrangements.”