Advances in Taxation, Volume 18

Advances in taxation......Page 1
2......Page 2
Editorial board......Page 3
List of contributors......Page 4
5......Page 6
Ad hoc reviewers......Page 7
The effect of Internal Revenue Code section 162(m) on the issuance of stock options......Page 8
Introduction......Page 9
Section 162(m)......Page 10
Literature review......Page 11
Research question......Page 12
Model (1): Increased Use of Stock-Option Compensation......Page 13
Firm Related Controls......Page 15
Model (2): Substitution Effect......Page 18
Sample selection......Page 20
Model (1): Increased Use of Stock Options......Page 22
Sensitivity Analysis......Page 25
Model (2): Substitution Effect......Page 27
Summary......Page 30
References......Page 31
An analysis of dividend and capital gains tax rate differentials and their effect on the structure of corporate payouts......Page 34
Introduction......Page 35
Corporate distributions......Page 38
The Motivation to Distribute Corporate Cash......Page 39
Related Literature and Theory......Page 40
Model specification and sample selection......Page 42
Sample......Page 45
Descriptive Statistics......Page 46
Regression Results......Page 47
Control Variables......Page 49
Limitations......Page 50
Conclusions......Page 51
Notes......Page 52
References......Page 54
Dividend taxes and security prices: the reaction of dividend-paying stocks to the jobs and growth tax relief reconciliation act of 2003......Page 57
Introduction......Page 58
Prior literature and research questions......Page 59
Research method......Page 62
Results......Page 66
Conclusions......Page 74
References......Page 75
Bonus depreciation incentives: The impact on general aviation aircraft......Page 77
Introduction......Page 78
The Job Creation and Worker Assistance Act of 2002......Page 80
The Job Growth Tax Relief Reconciliation Act of 2003......Page 81
Literature review and hypothesis development......Page 82
The Sample......Page 85
Independent Variable......Page 86
Control Variables......Page 87
Independent Variable......Page 88
Control Variables......Page 89
Descriptive Statistics and Correlation......Page 90
Independent Variable......Page 91
Control Variables......Page 93
Standardized Beta Coefficients......Page 94
Descriptive Statistics and Correlation......Page 95
Regression Results......Page 96
Independent Variable......Page 97
Measuring Lagged Data......Page 98
Notes......Page 99
References......Page 102
Introduction......Page 106
Previous research......Page 108
Overview......Page 109
Data......Page 110
Coefficient of Variation Ratio......Page 111
Coefficient of Residual Variation......Page 112
Basic Regression Model......Page 113
Expanded Regression Model......Page 114
Rank Preservation Method......Page 115
Descriptive Statistics......Page 116
CV and CVR Analysis......Page 119
Basic Regression Model......Page 124
Low Complexity Model......Page 126
Ordinary Income Regression Model......Page 128
Expanded Regression Model......Page 130
Comparison of CV, CVR, and CRV Results......Page 131
Limitations......Page 133
Conclusions......Page 134
Notes......Page 135
References......Page 136
Appendix A. Comparison of adjusted R2 for regressions on TL and ETR......Page 138
Appendix B. Estimated time (in minutes) for record keeping, preparing, and filing federal income tax forms and schedules......Page 140
Acquiring international tax knowledge......Page 142
Introduction......Page 143
Supply of International Tax Knowledge......Page 144
Demand for International Tax Knowledge......Page 146
Summary of Literature......Page 148
Research method......Page 149
Academic Responses......Page 150
Practitioner Responses......Page 158
Implications and Conclusions......Page 162
References......Page 166