Download or read book Tax Function Effectiveness written by Tony Elgood and published by CCH. This book was released on 2008 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: CCH's new Tax Function Effectiveness addresses the unique challenges of tax function departments. The tax function's objectives should themselves be driven by what is happening in the business and the wider business and regulatory environment.
Download or read book IT Environment Quality and Effectiveness of Controls Over the Tax Function and Income Tax Avoidance written by Sabrina Chi and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The complexity and frequent changes of multi-jurisdictional tax requirements generate a demand for a robust supporting information environment. If a firm's information technology (IT) environment is not able to handle these tax complexities, that inability increases the risk of errors in the firm's financial accounting for income taxes and the risk of ineffective tax avoidance strategies. We initially investigate the relation between IT-related material weaknesses (MWs) and tax-related MWs and find that having an IT-related MW is associated with a higher probability of having a tax-related MW. We then examine whether the quality of a firm's IT environment influences its tax avoidance effectiveness. In addition, we find firms that restate their financial statements are more likely to disclose IT-related and tax-related MWs in advance of the year they announce that they must restate. We also show that having an IT-related MW hinders tax avoidance and that firms having a CFO with IT expertise or receiving the Most Admired Knowledge Enterprise award are also positively associated with tax avoidance. Our results are consistent with the idea that when firms have higher quality IT environments, they are more likely to have more effective controls over the tax function and similarly their tax avoidance efforts are more effective.
Download or read book Managing the Corporate Tax Function written by David I. Fisher and published by . This book was released on 1971 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Managing the Corporate Tax Function written by David I. Fisher and published by . This book was released on 1987 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Investing in the Corporate Tax Function written by Daniel Lynch and published by . This book was released on 2014 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates the effect of increases in firm-level investments in the corporate tax function to address financial reporting concerns on the magnitude and timing of firm's tax avoidance. I exploit the novel setting of the remediation of tax-related material weaknesses in internal control (MWs) as a shock that motivates firms to increase investments in the corporate tax function. I examine the impact of increases in these investments on the magnitude and timing of future payoffs in the form of increased tax avoidance. I find no evidence of increases in tax function investments contemporaneously impacting tax avoidance. However, I do find that investments in the income tax function are associated with greater levels of future tax avoidance. Specifically, I find firms making investments in year t have 4-8 percentage point lower 3-year cash and GAAP effective tax rates (ETR) measured at time t +1 to t +3 compared to their industry peers. Descriptive results suggest the primary drivers of this increase in future tax avoidance are lower foreign and state tax expense. I also hand-collect internal control disclosures to investigate how firms remediate tax-related MWs. The results suggest the most common types of investments are in outside consulting and new personnel, including hiring a new tax director. I find that both external and internal tax function investments are positively associated with future tax avoidance, with no differential impact on future ETRs. Results also indicate that risk, complexity, and a lack of resources are predictors of engaging an external service provider. These results demonstrate the magnitude and timing lag of payoffs on tax function investments and illustrate how strengthening internal controls can improve firm performance via increased tax avoidance. -- Abstract.
Download or read book Tax Administration 2021 Comparative Information on OECD and other Advanced and Emerging Economies written by OECD and published by OECD Publishing. This book was released on 2021-09-15 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is the ninth edition of the OECD's Tax Administration Series. It provides internationally comparative data on aspects of tax systems and their administration in 59 advanced and emerging economies.
Download or read book Justice Equality and Tax Law written by Nevia Čičin-Šain and published by Linde Verlag GmbH. This book was released on 2022-10-05 with total page 541 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth analysis of the specific aspects of justice, equality and tax law "Justice, Equality and Tax Law" is a topic that is both old and new at the same time. Even if the society changes, the demands that tax needs to be just and equal seem to be immutable. What changes, of course, is the perception of the content of those demands. International taxation post-BEPS has been fraught with new challenges that warranted urgent responses. These challenges were mainly provoked by the unprecedented rise of the digital economy which truly marked a change in the way business is conducted, how value is created, and how goods and services are produced and consumed. Digitalization, in turn, had repercussions on all aspects of taxation - direct taxation, indirect taxation, and even tax procedures. For instance, the quest for more justice and equality in profit taxes was the reason why, in October 2021, a historical deal based on a two-pillar solution to address the tax challenges arising from the digitalization of the economy was negotiated within the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting and agreed upon by 137 member countries. It was also the motive behind the shift from a typical vendor collection model to an intermediary collection model supported by centralized registration points in indirect taxes, notably the VAT/GST. Abundant data from the European Union or the OECD signalized an ever-increasing gap between expected VAT revenues and VAT actually collected, making it obvious that the classical system of VAT/GST collection was unable to respond to challenges posed by the digital economy. Therefore, new solutions based on the participation of digital platforms as intermediaries had been introduced. Finally, new technologies, such as blockchain, paved new avenues in enhancing tax compliance. In this context, this volume entitled "Justice, Equality, and Tax Law" contains not only a selection of the best master ́s theses of the full-time LL.M. programme in 2021/2022 but also represents an in-depth analysis of various aspects of this evergreen topic.
Download or read book Taxes and Business Strategy written by Myron S. Scholes and published by . This book was released on 2015-01-03 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: For MBA students and graduates embarking on careers in investment banking, corporate finance, strategy consulting, money management, or venture capital Through integration with traditional MBA topics, Taxes and Business Strategy, Fifth Edition provides a framework for understanding how taxes affect decision-making, asset prices, equilibrium returns, and the financial and operational structure of firms. Teaching and Learning Experience This program presents a better teaching and learning experience-for you and your students: *Use a text from an active author team: All 5 authors actively teach the tax and business strategy course and provide students with relevant examples from both classroom and real-world consulting experience. *Teach students the practical uses for business strategy: Students learn important concepts that can be applied to their own lives. *Reinforce learning by using in-depth analysis: Analysis and explanatory material help students understand, think about, and retain information.
Download or read book Tax Function Convexity Risk Taking and Organizational Form Choice written by Rebecca Zarutskie and published by . This book was released on 2004 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reconsiders the effects of taxes on firms' organizational form choices when there are differences in the convexity of firms' personal and corporate tax functions and when firms can choose the riskiness of their projects. Deadweight losses can occur when a firm chooses to be a corporate entity rather than a non-corporate entity in response to taxes and vice versa. This first type of tax distortion has been largely ignored in previous research. I provide evidence that this first type of distortion is occurring by examining the tax returns of a sample of S and C corporations. This evidence casts doubt on past estimates of the deadweight loss of the corporate tax.
Download or read book Managing the Company Tax Function written by Arnold J. Olenick and published by . This book was released on 1976 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Role of Corporate Tax Policy on Monetary Effectiveness written by Ezgi Kurt and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper documents the first empirical evidence on how corporate tax policy affects monetary policy outcomes. Using exogenous marginal tax reforms in the US, I show that the average impact of monetary policy differs based on the tax treatments firms receive. Specifically, I find that monetary policy is more effective on employment and investment when firms face tax increases relative to the times when firms face stable taxes. Moreover, I show that monetary policy is least effective when firms face marginal tax cuts. The empirical findings are rationalized using a New Keynesian model featuring capital and corporate income taxes.
Download or read book Tax Risk Management written by Anuschka Bakker and published by IBFD. This book was released on 2010 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to a number of large corporate failures, risk management has recently become a major consideration for most organizations. At the same time, taxation has been recognized as an area having its own unique risk profiles. This book provides a practical guide for those working in today's ever-changing corporate environment. It contains an introduction to tax risk management and discussions on the tax control framework that allow corporate tax departments to identify and manage companies' tax-related risks. The book also includes country chapters, which provide practical examples of the development and application of tax control frameworks.
Download or read book Why People Pay Taxes written by Joel Slemrod and published by . This book was released on 1992 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experts discuss strategies for curtailing tax evasion
Download or read book Tax Creating Value Or Managing Risk written by PricewaterhouseCoopers LLP. and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The best Practice Tax Function written by and published by . This book was released on 2002 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Managing Income Tax Compliance through Self Assessment written by Andrew Okello and published by International Monetary Fund. This book was released on 2014-03-11 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern tax administrations seek to optimize tax collections while minimizing administration costs and taxpayer compliance costs. Experience shows that voluntary compliance is best achieved through a system of self-assessment. Many tax administrations have introduced self-assessment principles in the income tax law but the legal authority is not being consistently applied. They continue to rely heavily on “desk” auditing a majority of tax returns, while risk management practices remain largely underdeveloped and/or underutilized. There is also plenty of opportunity in many countries to enhance the design and delivery of client-focused taxpayer service programs, and better engage with the private sector and other stakeholders.
Download or read book Advanced Topics in Applied Operations Management written by Yair Holtzman and published by BoD – Books on Demand. This book was released on 2012-03-16 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: The chapters in Advanced Topics in Applied Operations Management creatively demonstrate a valuable connection among operations strategy, operations management, operations research, and various departments, systems, and practices throughout an organization. The authors show how mathematical tools and process improvements can be applied effectively in unique measures to other functions. The book provides examples that illustrate the challenges confronting firms competing in today's demanding environment bridging the gap between theory and practice by analyzing real situations.
