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Article: Reciprocity in Corporate Tax Compliance– Evidence from Ozone Pollution

TitleReciprocity in Corporate Tax Compliance– Evidence from Ozone Pollution
Authors
Keywordscorporate tax
pollution
public goods
reciprocity
tax morale
Issue Date26-Jul-2023
PublisherWiley
Citation
Journal of Accounting Research, 2023, v. Forthcoming, n. 5, p. 1425-1477 How to Cite?
Abstract

In a tax–public goods reciprocity framework between citizens and the state, managers view taxes as a payment to the government in exchange for public goods, and hence they adjust their willingness to pay taxes as public good quality changes. We show that corporate tax planning intensity increases with ground-level ozone pollution. Revisions in ozone pollution regulations cause counties that failed the revised and more stringent standards to reduce ozone pollution. Consequently, firms headquartered in these counties reduced corporate tax planning intensity relative to firms in other counties. The ozone–tax link varies in the predicted directions with public attention to pollution, potential welfare loss due to ozone, managers’ stakeholder orientation, taxpayers’ polluting status, political preferences, and civic norms. We also find consistent results for Superfund cleanups of hazardous waste sites. Our research sheds light on reciprocity as a potential mechanism influencing corporate tax compliance.


Persistent Identifierhttp://hdl.handle.net/10722/337117
ISSN
2023 Impact Factor: 4.9
2023 SCImago Journal Rankings: 6.625
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorChow, Travis-
dc.contributor.authorFan, Zhongwen-
dc.contributor.authorHuang, Li-
dc.contributor.authorLi, Oliver Zhen-
dc.contributor.authorLi, Siman-
dc.date.accessioned2024-03-11T10:18:14Z-
dc.date.available2024-03-11T10:18:14Z-
dc.date.issued2023-07-26-
dc.identifier.citationJournal of Accounting Research, 2023, v. Forthcoming, n. 5, p. 1425-1477-
dc.identifier.issn0021-8456-
dc.identifier.urihttp://hdl.handle.net/10722/337117-
dc.description.abstract<p>In a tax–public goods reciprocity framework between citizens and the state, managers view taxes as a payment to the government in exchange for public goods, and hence they adjust their willingness to pay taxes as public good quality changes. We show that corporate tax planning intensity increases with ground-level ozone pollution. Revisions in ozone pollution regulations cause counties that failed the revised and more stringent standards to reduce ozone pollution. Consequently, firms headquartered in these counties reduced corporate tax planning intensity relative to firms in other counties. The ozone–tax link varies in the predicted directions with public attention to pollution, potential welfare loss due to ozone, managers’ stakeholder orientation, taxpayers’ polluting status, political preferences, and civic norms. We also find consistent results for Superfund cleanups of hazardous waste sites. Our research sheds light on reciprocity as a potential mechanism influencing corporate tax compliance.<br></p>-
dc.languageeng-
dc.publisherWiley-
dc.relation.ispartofJournal of Accounting Research-
dc.subjectcorporate tax-
dc.subjectpollution-
dc.subjectpublic goods-
dc.subjectreciprocity-
dc.subjecttax morale-
dc.titleReciprocity in Corporate Tax Compliance– Evidence from Ozone Pollution-
dc.typeArticle-
dc.identifier.doi10.1111/1475-679X.12500-
dc.identifier.scopuseid_2-s2.0-85167707575-
dc.identifier.volumeForthcoming-
dc.identifier.issue5-
dc.identifier.spage1425-
dc.identifier.epage1477-
dc.identifier.eissn1475-679X-
dc.identifier.isiWOS:001046035000001-
dc.identifier.issnl0021-8456-

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