Advances in Taxation: (24 Advances in Taxation)

Volume 24 of Advances in Taxation contains seven articles, covering topics such as the impact of FASB Financial Interpretation No. 48 adoption through the lens of debt covenants; conflicting results in two prior studies on the relation between aggressive financial reporting and tax reporting; how a firm’s external environment affects its tax avoidance activities; and bonus depreciation. Other articles use a behavioral research methodology to explore generational values and attitudes towards tax fairness and tax compliance; the expectation gap between tax clients’ motivations to hire tax preparers versus tax preparers’ perceptions of those clients’ motivations; and evidence on the level and determinants of corporate income tax compliance costs.

Table of Contents:
Introduction: The Role of Tax Researchers; John Hasseldine Market Response to Fin 48 Adoption: A Debt Covenant Theory; Raquel Meyer Alexander, Andrew Gross, G. Ryan Huston, and Vernon J. Richardson  Reconciling the conflicting results of prior research on the relation between aggressive book and tax reporting; Sarah Lyon  Environmental uncertainty and Tax avoidance; Henry Huang, Li Sun, and Joseph Zhang  The impact of Bonus depreciation on capital expenditures; Carol MacPhail, Riza Emekter, and Benjamas Jirasakuldech  Generational differences in perceptions of tax fairness and attitudes towards compliance; Susan Jurney, Tim Rupert, and Marty Wartick  Demand for tax preparation services: an exploratory examination of client vs. tax preparer expectation gaps; Teresa Stephenson, Gary M. Fleischman, and Mark Peterson  Corporate income tax compliance costs: and their determinants: evidence from Greece; Ioannis Stamatopoulos, Stamatina Hadjidema, and Konstantinos Eleftheriou

Review :
This volume displays more of the international coverage that Hasseldine intended to be a hallmark of the series, he says, but assures readers that foreign taxation research is subjected to the same rigorous standards as that from North America. The topics are market response to Financial Interpretation No. 48 adoption: a debt covenant theory, reconciling the conflicting results of prior research on the relation between aggressive book and tax reporting, environmental uncertainty and tax avoidance, the impact of bonus depreciation on capital expenditures, generational differences in perceptions of tax fairness and attitudes towards compliance, demand for tax-preparation services: an exploratory examination of client versus tax-preparer expectation gaps, and corporate income tax compliance costs and their determinants: evidence from Greece.