全球智库信息集成服务系统(G2TT): Bank-Tax Conformity for Corporate Income: An Introduction to the Issues

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w11067
来源ID	Working Paper 11067
	Bank-Tax Conformity for Corporate Income: An Introduction to the Issues
	Michelle Hanlon; Terry Shevlin
发表日期	2005-01-24
出版年	2005
语种	英语
摘要	This paper discusses the issues surrounding the proposals to conform financial accounting income and taxable income. The two incomes diverged in the late 1990s with financial accounting income becoming increasingly greater than taxable income through the year 2000. While the cause of this divergence is not known for certain, many suspect that it is the result of earnings management for financial accounting and/or the tax sheltering of corporate income. Our paper outlines the potential costs and benefits of one of the proposed "fixes" to the divergence: the conforming of the two incomes into one measure. We review relevant research that sheds light on the issues surrounding conformity both in the U.S. as well as evidence from other countries that have more closely aligned book and taxable incomes. The extant empirical literature reveals that it is unlikely that conforming the incomes will reduce the amount of tax sheltering by corporations and that having only one measure of income will result in a loss of information to the capital markets.
主题	Other ; Law and Economics ; Accounting, Marketing, and Personnel ; Macroeconomics ; Fiscal Policy ; Financial Economics ; Portfolio Selection and Asset Pricing
URL	https://www.nber.org/papers/w11067
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/568702
推荐引用方式 GB/T 7714	Michelle Hanlon,Terry Shevlin. Bank-Tax Conformity for Corporate Income: An Introduction to the Issues. 2005.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w11067.pdf（310KB）	智库出版物		限制开放	CC BY-NC-SA	浏览