Incentives for corporate tax planning and reporting: Empirical evidence from Australia |
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| Institution: | 1. School of Accounting and Finance, The Business School, University of Adelaide, 10 Pulteney Street, Adelaide, South Australia 5005, Australia;2. School of Accounting, Curtin Business School, Curtin University, GPO Box U1987, Perth, Western Australia 6845, Australia;3. School of Accounting, UTS Business School, University of Technology — Sydney, Corner of Quay Street and Ultimo Road, Haymarket, Sydney, New South Wales 2000, Australia |
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| Abstract: | This study extends prior research on the willingness of firms to significantly decrease their corporate taxes. It specifically examines the associations between corporate tax avoidance and the reported significant uncertainty of a firm’s tax position, the tax expertise and tax affiliations of its directors, and the performance-based remuneration incentives of its key management personnel. Based on a dataset of 200 publicly listed Australian firms over the 2006–2010 period (1000 firm years), we find that the reported uncertainty of a firm’s tax position, the tax expertise of its directors, and the performance-based remuneration incentives of its key management personnel are significantly positively associated with tax avoidance. Conversely, firms with board members who have at least one tax-related affiliation are significantly negatively associated with tax avoidance. |
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| Keywords: | Corporate tax avoidance Tax uncertainty Directors’ tax expertise Directors’ tax affiliation Performance-based management remuneration incentives |
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