PhD Seminar Empirical Tax Research

Transcription

1 PhD Seminar Empirical Tax Research Münster, May 27 & July 2-3, 2014 Professor Dhammika Dharmapala (University of Illinois) Professor Kevin Markle (University of Waterloo) Professor Christoph Watrin, Dr. Adrian Kubata (University of Münster) Course Description This course is designed for master students, PhD students, and post-doctoral researchers in accounting and taxation who would like to extend and deepen their knowledge on current research issues in taxation. Main Topics of the Course will be: Corporate Governance and Tax Avoidance Base Erosion and Profit Shifting Tax Risk Cross-Border M&A Manager Effects on Corporate Tax Planning Instructors Professor Dharmapala earned his Ph.D. in economics from the University of California-Berkeley. He was a postdoctoral fellow at Harvard University and a John M. Olin Visiting Fellow in Law and Economics at Georgetown University Law School. Professor Dharmapala joined the Illinois faculty in the fall of 2009 from the University of Connecticut Department of Economics. Professor Markle obtained his PhD in accounting from the University of North Carolina at Chapel Hill. Prior to joining the School of Accounting and Finance, he was a visiting assistant professor at the Tuck School of Business at Dartmouth College for one year. His research currently focuses on international tax and the ways in which multinational corporations reduce their tax burdens using international tax planning. Application Please sign up with Dr. Adrian Kubata ( adrian.kubata@wiwi.uni-muenster.de ). Please indicate your name, status, and affiliiation. Application deadline is May 12, The number of participants is limited. Acceptance will be on a first come, first serve basis. 1

2 Course Requirements It is expected that every participant presents one of the listed papers and takes an active part in the discussions. The papers will be assigned to presenters by the lectures and distributed via . A PowerPoint presentation of your paper should be send to adrian.kubata@wiwi.uni-muenster.de by no later than June, 20, Students from Münster who take the class for credit are required to participate in Part I. All other participants are invited to do so. Please note: There is a differing registration deadline for master students of the WWU. They have to register either online (April, 7-13, 2014) or personally (April, 14, 2014) at the examination office (PAM) Students of the WWU are in addition kindly asked to sign up with Dr. Adrian Kubata ( adrian.kubata@wiwi.unimuenster.de ). Time Table Classes will take place on May 27 th, 2014 from 8.30 to and on July 2 nd -3 rd, 2014 from 8.30 to Fees The registration fee is 300. Participants of the 4 th EIASM Workshop on Current Research in Taxation (July 2-3, 2014) and students from the University of Münster are not subject to the registration fee. Contact Dr. Adrian Kubata adrian.kubata@wiwi.uni-muenster.de Venue JurGrad ggmbh, Picassoplatz 3, Münster. 2

3 Part I: (Watrin/ Kubata) May 27, 2014 Session 1 Review of Recent Tax Research Hanlon, M., Heitzman, S., A review of tax research, Journal of Accounting and Economics, 50: Graham, J., Raedy, J., Shackelford, D., Research in accounting for income taxes, Journal of Accounting and Economics, 53: Session 2 Corporate Tax Avoidance Dyreng, S., Hanlon, M., Maydew, E., Long-run corporate tax avoidance, The Accounting Review, 83: Frank, M., Lynch, M., Rego, S., Tax reporting aggressiveness and its relation to aggressive financial reporting, The Accounting Review, 84: Dyreng, S., Hanlon, M., Maydew, E., The effects of executives on corporate tax avoidance. The Accounting Review, 85: Session 3 Non-Tax-Costs Hanlon, M., Slemrod, J., What does tax aggressiveness signal? Evidence from stock price reactions to news about tax shelter involvement, Journal of Public Economics, 93: Erickson, M., Hanlon, M., Maydew, E., How much will firms pay for earnings that do not exist? Evidence of taxes paid on fraudulent earnings. The Accounting Review, 79: Session 4 Incentives and Tax Avoidance Armstrong, C., Blouin, J., Larcker, D., The incentives for tax planning. Journal of Accounting and Economics, 53: Dahliwal, D., Gleason, C., Mills, L., Last-Chance earnings management using the tax expense to meet analysts forecasts. Contemporary Accounting Research, 21: Session 5 Tax Avoidance and Managerial Rent Extraction Desai, M., Dyck, A., Zingales, L., Theft and taxes, Journal of Financial Economics, 84: Blaylock, B., Is tax avoidance associated with economically significant rent extraction among U. S. firms? Working Paper. Session 6 Reporting Incentives and Repatriation Blouin, J., Krull, L., Robinson, L., Is U. S. multinational dividend repatriation policy influenced by reporting incentives? The Accounting Review, 87: Morrow, M., Ricketts, R., Financial reporting vs tax incentives and repatriation under the 2004 tax holiday. The Accounting Review (Forthcoming). 3

4 July 2, 2014 Part II : (Dharmapala/ Markle) Session 1 Corporate Governance and Tax Avoidance Desai, M., Dharmapala, D., Corporate tax avoidance and high-powered incentives. Journal of Financial Economics, 79: Armstrong, C., Blouin, J., Jagolinzer, A., Larcker, D., Corporate Governance, Incentives and Tax Avoidance, Rock Center for Corporate Governance at Stanford University Working Paper No Session 2 Manager Effects on Corporate Tax Planning Gallemore, J., Maydew, E., Thornock, J., The Reputational Costs of Tax Avoidance. Contemporary Accounting Research (Forthcoming). Chyz, J. A., Personally tax aggressive executives and corporate tax sheltering. Journal of Accounting and Economics, 56: Session 3 Base Erosion and Profit Shifting Klassen, K. J. and S. K. LaPlante, Are U.S. Multinational Corporations Becoming More Aggressive Income Shifters? Journal of Accounting Research, 50: Klassen, K. J. and S. K. LaPlante, A Model of the Cost of Income Shifting with an Application to Tax Planning and E-Commerce. Working Paper. Markle, K. S., A Comparison of the Tax-motivated Income Shifting of Multinationals in Territorial and Worldwide Countries. Working Paper. July 3, 2014 Session 1 The Marginal Investor, the After-Tax CAPM, and Firm Valuation Desai, M. A. and D. Dharmapala, Dividend Taxes and International Portfolio Choice. Review of Economics and Statistics, 93: A. Edwards and T. Shevlin, The Value of a Flow-through Entity in an Integrated Corporate Tax System. Journal of Financial Economics, 101: Guenther, D. A., Sansing, R., The Effect of Tax-Exempt Investors and Risk on Stock Ownership and Expected Returns. The Accounting Review, 85: Session 2 Tax Risk Guenther, D. A., Matsunaga, S. R., Williams, B. M., Tax avoidance, tax aggressiveness, tax risk and firm risk. Working Paper. Hutchens, M., Rego, S. Tax Risk and the Cost of Equity Capital. Working Paper. Bauer, A., Klassen, K., Predicting Tax Risk Using Large Tax Settlements. Working Paper. 4

5 Session 3 Cross-Border M&A Feld, L., Ruf, M., Scheuering, U., Schreiber, U., Voget, J., Effects of Territorial and Worldwide Corporate Tax Systems on Outbound M&As. Working Paper. Bird, A, Edwards, A, Shevlin, T., Earnings Lockout and Inbound Merger and Acquisition Activity. Working Paper. 5