دانلود مقاله ISI انگلیسی شماره 138528
ترجمه فارسی عنوان مقاله

اجتناب مالیاتی در پاسخ به کاهش وضعیت مالی برنامه های بازنشستگی تعریف شده

عنوان انگلیسی
Tax avoidance in response to a decline in the funding status of defined benefit pension plans
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
138528 2017 44 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of International Financial Markets, Institutions and Money, Volume 48, May 2017, Pages 99-116

پیش نمایش مقاله
پیش نمایش مقاله  اجتناب مالیاتی در پاسخ به کاهش وضعیت مالی برنامه های بازنشستگی تعریف شده

چکیده انگلیسی

We examine the effect of the funding status of defined benefit (DB) pension plans on company tax avoidance behavior. Our results reveal that firms engage more in tax avoidance when the pension deficit, defined as pension liabilities minus pension assets scaled by total assets, increases. We find that for an average pension deficit firm one standard deviation increase in pension deficit is associated with annual tax savings of $3.64 million. For 2014 we find that, on the aggregate level, for firms with underfunded DB pension plans a one standard deviation increase in pension deficit is associated with annual tax savings of more than 2.7 billion dollars. Our results hold after controlling for factors such as profitability, financial constraints, operating losses, and foreign income.