Due to the overwhelming international evidence that stock prices drop by less than the dividend paid on ex-dividend days, the ex-dividend day anomaly is considered a stylized fact. Two main approaches have emerged to explain this empirical regularity: the tax-clientele hypothesis and the microstructure of financial markets. Although the most widely accepted explanation for this fact relies on t...

It is an article of faith – among politicians as well as scholars – that government policies have the potential to influence the extent and nature of economic activity, particularly when policies impede the normal functioning of business. Examples include regulatory regimes that discourage business formation, legal systems and institutions that make it difficult to execute and enforce commercia...

Income tax is a source of state revenue from the taxation sector. The company as subjects has contributed most to revenues. Tax burden that can reduce profits for companies, while government it will be allocated operational financing. effectiveness income receipts affected by various factors such evasion and planning. research objects used were 48 manufacturing companies Indonesia Stock Exchang...

This paper examines empirical evidence on the impact of financial distress tax avoidance 369 listed companies in Vietnam over 2008–2020 period. Empirical results show existence a positive relationship between and for survey companies. In particular, more company is danger capital, it will take. The also that small tend to avoid taxes more. Companies use debt leverage as shield help them reduce ...

Providing a fiscal function, tax calculations are one of the key processes in activities enterprises. A study practice using modern software products for accounting automation showed that even powerful decision support systems such as SAP cannot provide ease, efficiency and clarity conducting business operations compliance with historically established laws procedures. At same time, VAT most la...

This study empirically investigates whether Brazilian companies that are more tax-leveraged have a lower capital cost from third parties than those less tax-leveraged. The survey data comprises financial information 315 listed on the stock exchange - B3 and was structured containing total liabilities due (PET), tax (PT), parties’ (ki) of sampled for years between 2013 to 2017. research is descr...