ebook ebooks e-book e-books downloaden bei MyEbooks.ch downloaden

Tax and Corporate Governance

:	Wolfgang Schön
:	Wolfgang Schön
:	Tax and Corporate Governance
:	Springer-Verlag
:	9783540772767
:	1
:	CHF 171.00
:

:	Betriebswirtschaft
:	English

:	425
:	Wasserzeichen/DRM
:	PC/MAC/eReader/Tablet
:	PDF

Academic research shows that well-known principal-agent and capital market problems are strongly influenced by tax considerations. Against this background, this volume is the first to present a fully-fledged overview of the interdependence of tax and corporate governance. Not only the basic political, legal and economic questions but also major topics like income measurement, shareholding structures, corporate social responsibility and tax shelter disclosure are covered.

	Preface	6
	Table of Contents	7
	List of Authors	10
	Part 1: The Link between Taxation and Corporate Governance	15
	The Link between Taxation and Corporate Governance	16
	Good Corporate Governance: The Tax Dimension	22
	1. Putting Tax on the Corporate Board s Agenda	23
	2. Ensuring that Tax Rules Do Not Encourage Behavior that is Contrary to the Interest of the Company and/or its Shareholders	24
	3. Conclusion	25
	Tax and Corporate Governance: An Economic Approach	26
	Tax and Corporate Governance: An Economic Approach	26
	1. Introduction	26
	2. How Taxation and Corporate Governance Interact	27
	3. Empirical Evidence	30
	4. Mechanisms to Address the Agency Problem	34
	5. Conclusion	42
	Tax and Corporate Governance: A Legal Approach	44
	1. Economic and Legal Perspectives	44
	2. The Taxpayer that Doesn t Exist	45
	3. Who Pays the Corporation s Taxes?	50
	4. Allocating (Corporate) Income Tax	56
	5. Profit-oriented Activities and the Corporate Tax	59
	6. Income Measurement in Tax and Financial Accounting	70
	7. Tax An Ally to Corporate Governance?	71
	8. Conclusion	74
	Report on the Discussion	75
	1. Introductory Presentations by Dave Hartnett and Jeffrey P. Owens ( Chair: Jeffrey P. Owens)	75
	2. Presentations by Mihir A. Desai and Wolfgang Schön ( Chair: Jeffrey P. Owens)	77
	Part 2: The Influence of Tax on Corporate Behavior	80
	Financial and Tax Accounting: Transparency and Truth	81
	1. Introduction: Key Issues	81
	2. Conformity of Financial and Commercial Accounts: In Search of True Profit	84
	3. Trends and Developments: National Jurisdictions, the EU and IFRS	88
	4. The U. K. Problems with Partial Conformity	93
	5. Conclusion and Issues for the Future	99
	Taxation, Accounting and Transparency: The Interaction of Financial and Tax Accounting	103
	1. Introduction	103
	2. Taxation and Accounting Two Different Worlds ?	103
	3. Transparency of the International Accounts and Influence of Transparency on Tax Planning	106
	4. Framework for Tax Planning	108
	Taxation, Accounting and Transparency: The Missing Trinity of Corporate Life	111
	1. Introduction	111
	2. The Shifting Corporate Governance Paradigm	111
	3. The Shifting Accounting Paradigm	112
	4. The Link between Prudence, Capital Maintenance and Taxation	114
	5. Risks and Problems Resulting from Book-Tax Conformity	116
	6. Potential Benefits of Book-Tax Conformity	118
	7. The Road Ahead: IFRS, Taxation and SMEs	119
	Tax and the Separation of Ownership and Control	121
	1. Introduction	121
	2. The Evolution of Ownership and Control in the U.K.	122
	3. Pre-Conditions for a Separation of Ownership and Control	125
	4. Tax as a Catalyst for Exit by Blockholders	127
	5. Taxation and Demand for Shares	144
	6. Why Did New Investors Fail to Exercise Control?	155
	7. Tax and the Rise of the Widely Held Company in the U. S.	160
	8. Conclusion	167
	Tax and the Separation of Ownership and Control Comment on the paper by Steven Bank and Brian R. Cheffins	172
	Tax and the Separation of Ownership and Control Comment on the paper by Steven Bank and Brian R. Cheffins	180
	1. The Evolution of Ownership and Control in Germany	180
	2. Taxation and Demand for Shares	184
	3. Conclusion	184
	Report on the Discussion	186
	1. Presentations by Judith Freedman, Martina Baumgärtel and Christian Nowotny ( Chair: Hugh Ault)	186
	2. Presentation by Steven Bank and Brian R. Cheffins and Comments by Krister Andersson and Norbert Herzig ( Chair: Hugh Ault)	187
	Part 3: The Influence of Corporate Governance on Tax Strategy and Compliance	189
	Corporate Social Responsibility and Strategic Tax Behavior	190
	1. Introduction	190
	2. The Three Views of the Corporation: A Historical Perspective8	193
	3. Implications of the Three Views for CSR and the Corporate Tax	196
	4. The Corporate Tax and CSR from the State s Perspective	203
	5. Conclusion	204
	Corporate Social Responsibility and Strategic Tax Behavior Comment on the paper by Reuven S. Avi- Yonah	206
	Tax Risk Management and Board Responsibility	211
	1. Introduction	211
	2. The Changing Lands