The influence of international taxation structures on corporate financial disclosure patterns |
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Authors: | Grantley Taylor Greg Tower Mitch Van Der Zahn |
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Institution: | a School of Accounting, Curtin Business School, Curtin University of Technology, GPO Box U1987, Perth, Western Australia 6845, Australia |
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Abstract: | This paper investigates the extent of financial instrument disclosures (FIDs) within the annual reports of Australian listed extractive resource companies over a 4-year longitudinal period (2003–2006) and its association with international tax characteristics. Statistical analysis shows that thin capitalisation structures and withholding taxes are positively and significantly associated with disclosure patterns. In contrast, the occurrence of foreign sourced income and tax haven links are significantly negatively associated with FID patterns. These findings demonstrate that international tax structures can influence corporate disclosure patterns. This paper contributes to an understanding of the extent, trends and rationale behind resource firms’ financial instrument disclosure practices in Australia. |
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Keywords: | Resource Financial instrument Disclosures Avoidance Capitalisation Tax haven International tax structures Risk |
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