Please use this identifier to cite or link to this item: http://cris.teiep.gr/jspui/handle/123456789/1356
Title: Deferred Tax Positions under the prism of financial crisis and the effects of a corporate tax reform
Authors: 
Keywords: International Financial Reporting Standards & Taxation
Issue Date: 21-Jul-2015
Publisher: International Journal of Corporate Finance and Accounting (IJCFA)
Abstract: The effects of corporate tax reforms in reported profits and firms’ financial position have been extensively studied in the literature. However, only few studies disaggregate deferred tax items to jointly explore political implications and aspects of corporate behavior around such reforms. Greece’s recent financial crisis and economic recession provides an intriguing setting for examining possible incentives and consequences of substantial tax rate changes, such as the 6% increase imposed by the Greek Government in year 2013. Results reveal a totally different picture between financial and non-financial firms, with the former being clearly favored, at least from this short-run effect. These findings seem to coincide with the view that tax policy design is usually shaped by taking into consideration powerful groups’interests. Regarding probable Determinants of Deferred Tax Assets for Tax Loss Carry forwards, the authors find that firms the audit firm may significantly affect recognized amounts due to firm specific internal guidelines and due to the overall quality of the audit.
URI: http://cris.teiep.gr/jspui/handle/123456789/1356
Appears in Collections:Δημοσιεύσεις σε Περιοδικά



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