Changes in corporate effective tax rates over the past 25 years
Publication
, Journal Article
Dyreng, SD; Hanlon, M; Maydew, EL; Thornock, JR
Published in: Journal of Financial Economics
June 1, 2017
We investigate systematic changes in corporate effective tax rates over the past 25 years and find that effective tax rates have decreased significantly. Contrary to conventional wisdom, the decline in effective tax rates is not concentrated in multinational firms; effective tax rates have declined at approximately the same rate for both multinational and domestic firms. Moreover, within multinational firms, both foreign and domestic effective rates have decreased. Finally, changes in firm characteristics and declining foreign statutory tax rates explain little of the overall decrease in effective rates.
Duke Scholars
Altmetric Attention Stats
Dimensions Citation Stats
Published In
Journal of Financial Economics
DOI
ISSN
0304-405X
Publication Date
June 1, 2017
Volume
124
Issue
3
Start / End Page
441 / 463
Related Subject Headings
- Finance
- 3801 Applied economics
- 3502 Banking, finance and investment
- 1606 Political Science
- 1502 Banking, Finance and Investment
- 1402 Applied Economics
Citation
APA
Chicago
ICMJE
MLA
NLM
Dyreng, S. D., Hanlon, M., Maydew, E. L., & Thornock, J. R. (2017). Changes in corporate effective tax rates over the past 25 years. Journal of Financial Economics, 124(3), 441–463. https://doi.org/10.1016/j.jfineco.2017.04.001
Dyreng, S. D., M. Hanlon, E. L. Maydew, and J. R. Thornock. “Changes in corporate effective tax rates over the past 25 years.” Journal of Financial Economics 124, no. 3 (June 1, 2017): 441–63. https://doi.org/10.1016/j.jfineco.2017.04.001.
Dyreng SD, Hanlon M, Maydew EL, Thornock JR. Changes in corporate effective tax rates over the past 25 years. Journal of Financial Economics. 2017 Jun 1;124(3):441–63.
Dyreng, S. D., et al. “Changes in corporate effective tax rates over the past 25 years.” Journal of Financial Economics, vol. 124, no. 3, June 2017, pp. 441–63. Scopus, doi:10.1016/j.jfineco.2017.04.001.
Dyreng SD, Hanlon M, Maydew EL, Thornock JR. Changes in corporate effective tax rates over the past 25 years. Journal of Financial Economics. 2017 Jun 1;124(3):441–463.
Published In
Journal of Financial Economics
DOI
ISSN
0304-405X
Publication Date
June 1, 2017
Volume
124
Issue
3
Start / End Page
441 / 463
Related Subject Headings
- Finance
- 3801 Applied economics
- 3502 Banking, finance and investment
- 1606 Political Science
- 1502 Banking, Finance and Investment
- 1402 Applied Economics