The Impact of the IRS Audits on Tax Avoidance of the U.S. Firms with R&D Expenditures and Foreign Operations
碩士 === 國立臺灣大學 === 會計學研究所 === 104 === This study examines the effect of the Internal Revenue Service (IRS) audits on multinational companies with research and development expenditures (R&D). We find that the IRS audits more positively affect multinational R&D companies’ effective tax rate (ET...
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ndltd-TW-104NTU053850332019-05-15T23:01:19Z http://ndltd.ncl.edu.tw/handle/7986e7 The Impact of the IRS Audits on Tax Avoidance of the U.S. Firms with R&D Expenditures and Foreign Operations 美國國稅局稅務查核對公司避稅行為之影響 - 以研發支出及境外收入為例 Yu-Ting Cheng 鄭羽婷 碩士 國立臺灣大學 會計學研究所 104 This study examines the effect of the Internal Revenue Service (IRS) audits on multinational companies with research and development expenditures (R&D). We find that the IRS audits more positively affect multinational R&D companies’ effective tax rate (ETR) compared with other companies’, suggesting that the IRS audits trigger these companies to have less tax avoidance than others. Additionally, we examine the IRS audit impacts on multinational companies’ R&D spending level. We find that the IRS monitoring does not trigger multinational firms with higher R&D scale to have higher ETR. This implies that IRS has more monitoring impact on multinational R&D companies, but the monitoring impacts are negatively related to the companies R&D spending. Surprisingly, after replacing ETR with tax accrual quality, we find that IRS audits trigger multinational R&D companies with higher R&D spending to have higher tax accrual quality. Overall, this study provides some evidence of IRS monitoring on multinational R&D companies’ tax avoidance and tax accrual quality. Hopefully, the evidence could provide implications on companies’ tax planning. Su-Ming Lin Wei-Chuan Kao 林世銘 高偉娟 2016 學位論文 ; thesis 57 zh-TW |
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碩士 === 國立臺灣大學 === 會計學研究所 === 104 === This study examines the effect of the Internal Revenue Service (IRS) audits on multinational companies with research and development expenditures (R&D). We find that the IRS audits more positively affect multinational R&D companies’ effective tax rate (ETR) compared with other companies’, suggesting that the IRS audits trigger these companies to have less tax avoidance than others. Additionally, we examine the IRS audit impacts on multinational companies’ R&D spending level. We find that the IRS monitoring does not trigger multinational firms with higher R&D scale to have higher ETR. This implies that IRS has more monitoring impact on multinational R&D companies, but the monitoring impacts are negatively related to the companies R&D spending. Surprisingly, after replacing ETR with tax accrual quality, we find that IRS audits trigger multinational R&D companies with higher R&D spending to have higher tax accrual quality. Overall, this study provides some evidence of IRS monitoring on multinational R&D companies’ tax avoidance and tax accrual quality. Hopefully, the evidence could provide implications on companies’ tax planning.
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author2 |
Su-Ming Lin |
author_facet |
Su-Ming Lin Yu-Ting Cheng 鄭羽婷 |
author |
Yu-Ting Cheng 鄭羽婷 |
spellingShingle |
Yu-Ting Cheng 鄭羽婷 The Impact of the IRS Audits on Tax Avoidance of the U.S. Firms with R&D Expenditures and Foreign Operations |
author_sort |
Yu-Ting Cheng |
title |
The Impact of the IRS Audits on Tax Avoidance of the U.S. Firms with R&D Expenditures and Foreign Operations |
title_short |
The Impact of the IRS Audits on Tax Avoidance of the U.S. Firms with R&D Expenditures and Foreign Operations |
title_full |
The Impact of the IRS Audits on Tax Avoidance of the U.S. Firms with R&D Expenditures and Foreign Operations |
title_fullStr |
The Impact of the IRS Audits on Tax Avoidance of the U.S. Firms with R&D Expenditures and Foreign Operations |
title_full_unstemmed |
The Impact of the IRS Audits on Tax Avoidance of the U.S. Firms with R&D Expenditures and Foreign Operations |
title_sort |
impact of the irs audits on tax avoidance of the u.s. firms with r&d expenditures and foreign operations |
publishDate |
2016 |
url |
http://ndltd.ncl.edu.tw/handle/7986e7 |
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