Journal article
Are State Tax Amnesty Programs Associated with Financial Reporting Irregularities?
Public finance review, Vol.42(6), pp.774-799
11/01/2014
DOI: 10.1177/1091142113499397
Abstract
This article investigates the relation between state tax amnesties and financial reporting irregularities. State tax amnesty programs, which potentially signal a lax regulatory enforcement environment, provide a unique setting in which to examine the effects of state tax authorities on non-tax financial reporting behavior. The results suggest that firms head-quartered in states offering a tax amnesty program are more likely to begin engaging in a financial reporting irregularity during the amnesty period. Furthermore, the results show that the observed increase in financial reporting irregularities occurs only during periods of repeat, not initial, amnesty programs. These findings suggest state tax amnesties have previously unexplored adverse effects on managers' behavior.
Details
- Title: Subtitle
- Are State Tax Amnesty Programs Associated with Financial Reporting Irregularities?
- Creators
- Neal D. Buckwalter - Grand Valley State UniversityNathan Y. Sharp - Texas A&M UniversityJaron H. Wilde - University of IowaDavid A. Wood - Brigham Young University
- Resource Type
- Journal article
- Publication Details
- Public finance review, Vol.42(6), pp.774-799
- Publisher
- Sage
- DOI
- 10.1177/1091142113499397
- ISSN
- 1091-1421
- eISSN
- 1552-7530
- Number of pages
- 26
- Language
- English
- Date published
- 11/01/2014
- Academic Unit
- Accounting
- Record Identifier
- 9984380472602771
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