A review of taxes and corporate finance

Journal Article (Review;Journal)

This paper reviews domestic and multinational corporate tax research. For each topic, the theoretical arguments explaining how taxes can affect corporate decision-making and firm value are reviewed, followed by a summary of the related empirical evidence and a discussion of unresolved issues. Tax research generally supports the hypothesis that high-tax rate firms pursue policies that provide tax benefits. Many issues remain unresolved, however, including understanding whether tax effects are of first-order importance, why firms do not pursue tax benefits more aggressively, and whether corporate actions are affected by investor-level taxes. © 2006 J.R. Graham.

Full Text

Duke Authors

Cited Authors

  • Graham, JR

Published Date

  • December 1, 2005

Published In

Volume / Issue

  • 1 / 7

Start / End Page

  • 573 - 691

Electronic International Standard Serial Number (EISSN)

  • 1567-2409

International Standard Serial Number (ISSN)

  • 1567-2395

Digital Object Identifier (DOI)

  • 10.1561/0500000010

Citation Source

  • Scopus