Taxes and Business Strategy: A Planning Approach

By Myron S. Scholes, Mark A. Wolfson, Merle M. Erickson, Edward L. Maydew, Terry Shevlin. 2001

461 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/fac3a33e6d8ff538b93bdb0194da641d49e97b53

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Citations in the corpus

Taxable income as a performance measure: The effects of tax planning and earnings quality (2009, unknown): “Seida (2003) in his Congressional testimony regarding Enron’s tax disclosures posed the question of whether taxable income may be a useful alternative 2 Sloan (1996) defines low quality earnings as earnings comprised primarily of accruals.”
Taxes, keiretsu affiliation, and income shifting (2004, background): “…jurisdictions rather than between differentially taxed entities within the same jurisdiction.1 But advisory materials are replete with planning suggestions for shifting income between entities that face different tax rates within the same jurisdiction (Scholes et al., 2002).”
Tax Avoidance: Does Tax-Specific Industry Expertise Make a Difference? (2012, methodology): “avoidance, the audit firm, consistent with the Scholes and Wolfson (1992) paradigm of all parties,”
Permanently Reinvested Foreign Earnings, Taxes, and Earnings Management (2004, background): “However, Hartman (1985) and Scholes et al. (2002) show that these taxes do not affect the reinvestment decision.”
CEO After-Tax Compensation Incentives and Corporate Tax Avoidance (2014, unknown): “Following Scholes et al. (1990), I regress CEOATAX on ETR, IMPLICIT, TOT_COMP, and the usual controls.”
Precautionary Savings with Risky Assets: When Cash Is Not Cash (2016, unknown): “10 For further information on the taxation of foreign reserves see chapter 10 of Scholes et al. (2009). 45”
Liquidity, Default, Taxes and Yields on Municipal Bonds (2008, unknown): “Several studies (e.g., Trzcinka, 1982; Yawitz, Maloney and Ederington, 1985; Scholes and Wolfson, 1992; Kim, Ramaswamy and Sundaresan, 1993; Stock, 1994; and Liu, Wang and Wu, 2003) show that credit risk differences explain the relative yields of taxable and taxexempt bonds.”
Bringing it Home: A Study of the Incentives Surrounding the Repatriation of Foreign Earnings Under the American Jobs Creation Act of 2004 (2009, background): “.85 .15 ( ) (1 .85 .15 )( ) ( ) 1 1 1 1 S o , (.85 .15 ) E P E P E P td tf E P tf tdE P td tf td tf E P tf tf tf tf tdo tf td − − − − − + − = − = − − − − = + 12 the firm to be willing to repatriate solely to invest in the United States.”
Tax Rates and Corporate Decision Making (2017, unknown): “Our paper answers a call for research from Shackelford and Shevlin (2001) and Baker and Wurgler (2013) to find out what tax rate managers actually use in decision-making settings”
Tax Avoidance and Ex Ante Cost of Capital (2017, unknown): “As a result, firms attempt to reduce tax burdens by engaging in tax-avoidance activities, but these activities incur non-tax costs (Scholes et al. 2009).”