search query: @author Boynton, C. E. / total: 1
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| Author: | Boynton, C. E. Dobbins, P. S. Plesko, G. A. |
| Title: | Earnings management and the corporate alternative minimum tax |
| Journal: | Journal of Accounting Research
1992 : VOL. 30, p. 131-160 |
| Index terms: | EARNINGS MANAGEMENT COMPANY TAXATION |
| Language: | eng |
| Abstract: | This study tested whether firms affected by the AMT book income provision managed their earnings in 1986 and 1987 to reduce their tax liability. The authors find evidence that firms potentially exposed to the AMT undertook income-reducing accruals in 1987 when compared to firms not so exposed. Some firms appeared to have eliminated all 1987 exposure to the AMT through income-decreasing accruals. In addition, the authors find that most firms not appearing to respond to AMT exposure eliminated 90% (the limit under AMT rules) of their corporate AMT liability with net operating loss carryovers (NOLs) and foreign tax credits (FTCs). |
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