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Book/Printed Material Book-tax conformity for corporate income an introduction to the issues

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Title

  • Book-tax conformity for corporate income an introduction to the issues

Summary

  • "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"--National Bureau of Economic Research web site.

Names

  • Hanlon, Michelle Lee
  • Shevlin, Terry
  • National Bureau of Economic Research

Created / Published

  • Cambridge, MA : National Bureau of Economic Research, c2005.

Headings

  • -  Corporations--Accounting
  • -  Corporations--Taxation

Notes

  • -  Title from PDF file as viewed on 2/2/2005.
  • -  Includes bibliographical references.
  • -  Also available in print.
  • -  Mode of access: World Wide Web.
  • -  System requirements: Adobe Acrobat Reader.

Call Number/Physical Location

  • HB1

Digital Id

Library of Congress Control Number

  • 2005616204

Access Advisory

  • Unrestricted online access

Online Format

  • image
  • pdf

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Cite This Item

Citations are generated automatically from bibliographic data as a convenience, and may not be complete or accurate.

Chicago citation style:

Hanlon, Michelle Lee, Terry Shevlin, and National Bureau Of Economic Research. Book-Tax Conformity for Corporate Income an Introduction to the Issues. Cambridge, MA: National Bureau of Economic Research, 2005. Pdf. https://aj.sunback.homes/item/2005616204/.

APA citation style:

Hanlon, M. L., Shevlin, T. & National Bureau Of Economic Research. (2005) Book-Tax Conformity for Corporate Income an Introduction to the Issues. Cambridge, MA: National Bureau of Economic Research. [Pdf] Retrieved from the Library of Congress, https://aj.sunback.homes/item/2005616204/.

MLA citation style:

Hanlon, Michelle Lee, Terry Shevlin, and National Bureau Of Economic Research. Book-Tax Conformity for Corporate Income an Introduction to the Issues. Cambridge, MA: National Bureau of Economic Research, 2005. Pdf. Retrieved from the Library of Congress, <aj.sunback.homes/item/2005616204/>.