Societal trust and corporate tax avoidance

Autor:	Gerald J. Lobo, Chee Yeow Lim, Kiridaran Kanagaretnam, Jimmy Lee
Rok vydání:	2018
Předmět:	050208 finance Index (economics) Public economics 05 social sciences Tax evasion Sample (statistics) 050201 accounting Tax avoidance General Business Management and Accounting Corporate finance Accounting 0502 economics and business Business Capital market Corporate tax Public finance
Zdroj:	Review of Accounting Studies. 23:1588-1628
ISSN:	1573-7136 1380-6653
DOI:	10.1007/s11142-018-9466-y
Popis:	Using an international sample of firms from 25 countries and a country-level index for societal trust, we document that societal trust is negatively associated with tax avoidance, even after controlling for other institutional determinants, such as home country legal institutions and tax system characteristics. We explore the effects of two country-level institutional characteristics—strength of legal institutions and capital market pressure—on the relation between societal trust and tax avoidance. We find that the relation between trust and tax avoidance is less pronounced when the legal institutions in a country are stronger and is more pronounced when the capital market pressure is stronger. Finally, we examine the relation between societal trust and tax evasion, an extreme and illegal form of tax avoidance. We show that societal trust is negatively related to tax evasion and the negative relation is less pronounced when legal institutions are stronger.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::c885566a21bdbbade751f40cde769a03 https://doi.org/10.1007/s11142-018-9466-y Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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