Abstract

http://ssrn.com/abstract=1748904
 
 

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Are State Tax Amnesty Programs Associated with Financial Reporting Irregularities?


Neal Buckwalter


Indiana University Bloomington

Nathan Y. Sharp


Texas A&M University - Department of Accounting

Jaron H. Wilde


University of Iowa - Henry B. Tippie College of Business

David A. Wood


Brigham Young University - School of Accountancy

February 1, 2013


Abstract:     
This paper 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 headquartered 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.

Number of Pages in PDF File: 37

Keywords: Tax Amnesty, Financial Reporting Irregularities, Tax Authorities, Enforcement

JEL Classification: M41, M48, G38, H20, K34

working papers series


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Date posted: January 27, 2011 ; Last revised: February 5, 2013

Suggested Citation

Buckwalter, Neal and Sharp, Nathan Y. and Wilde, Jaron H. and Wood, David A., Are State Tax Amnesty Programs Associated with Financial Reporting Irregularities? (February 1, 2013). Available at SSRN: http://ssrn.com/abstract=1748904 or http://dx.doi.org/10.2139/ssrn.1748904

Contact Information

Neal Buckwalter
Indiana University Bloomington ( email )
100 South Indiana Ave.
Bloomington, IN 47405
United States
Nathan Y. Sharp
Texas A&M University (TAMU) - Department of Accounting ( email )
430 Wehner
College Station, TX 77843-4353
United States
979-845-0338 (Phone)

Jaron H. Wilde (Contact Author)
University of Iowa - Henry B. Tippie College of Business ( email )
108 Pappajohn Business Building
Iowa City, IA 52242-1000
United States
David A. Wood
Brigham Young University - School of Accountancy ( email )
529 TNRB
Brigham Young University
Provo, UT 84602
United States
801-422-8642 (Phone)
801-422-0621 (Fax)
HOME PAGE: http://marriottschool.byu.edu/employee/employee.cfm?emp=daw44
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