search query: @author Scholes, M. S. / total: 8
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| Author: | Scholes, M. S. Wilson, G. P. Wolfson, M. A. |
| Title: | Firms' responses to anticipated reductions in tax rates: The Tax Reform Act of 1986 |
| Journal: | Journal of Accounting Research
1992 : VOL. 30, p. 161-192 |
| Index terms: | TAX REFORM COMPANIES ACCOUNTING |
| Language: | eng |
| Abstract: | In this paper the authors investigate whether and how firms shifted income over time in response to a known schedule of declining tax rates. The context of this investigation is the 1986 Tax Act which reduced corporate tax rates from a maximum of 46% to 34% over a period of two years. The authors provide evidence that firms deferred revenue recognition and/or accelerated expense recognition in anticipation of these declining tax rates and discuss cross-sectional differences in firms' propensities to shift income. |
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