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Cross‐border regulatory cooperation and corporate tax avoidance.
- Source :
- Journal of Corporate Accounting & Finance (Wiley); Jul2024, Vol. 35 Issue 3, p157-179, 23p
- Publication Year :
- 2024
-
Abstract
- We examine whether improved cross‐border regulatory cooperation and information exchange affect corporate tax avoidance. We find that the improvement in the regulators' capacity to access to information in foreign countries through their entrance into the Multilateral Memorandum of Understanding (MMoU) effectively reduces corporate tax avoidance. Moreover, the effect of the MMoU on corporate tax avoidance is stronger for firms that are less income mobile and have no significant subsidiaries in tax havens. Collectively, these findings support the conjecture that the strengthened cross‐border regulatory cooperation and information exchange provided by the MMoU creates a positive externality in reducing corporate tax avoidance behavior. [ABSTRACT FROM AUTHOR]
- Subjects :
- CORPORATE taxes
TAX havens
LETTERS of intent
INCOME
INFORMATION sharing
Subjects
Details
- Language :
- English
- ISSN :
- 10448136
- Volume :
- 35
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Journal of Corporate Accounting & Finance (Wiley)
- Publication Type :
- Academic Journal
- Accession number :
- 178333565
- Full Text :
- https://doi.org/10.1002/jcaf.22702