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Taxation on corporations and incentives to defer payment of tax: Implication for corporate tax policy

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  • Naoyuki Kaneda

Abstract

This paper takes advantage of the tax planning approach of Scholes and Wolfson (1992) and clarifies the implication of the tax deferral in the corporate tax policy. If corporations accumulate profits internally, it would lead to the inefficient use of capital. The actual tax laws of many countries deal with this problem. But in Japan, this issue is not well compensated by the tax law. To clarify the behavior of tax payers in Japan, the government should disclose the tax return information so that empirical research would be the basis of sound tax policy and economic growth.

Suggested Citation

  • Naoyuki Kaneda, 2013. "Taxation on corporations and incentives to defer payment of tax: Implication for corporate tax policy," Gakushuin Economic Papers, Gakushuin University, Faculty of Economics, vol. 49(4), pages 245-250.
    • Handle: RePEc:abc:gakuep:49-4-2
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    File URL: http://www.gakushuin.ac.jp/univ/eco/gakkai/pdf_files/keizai_ronsyuu/contents/contents2013/4904/4904kaneda/4904kaneda.pdf
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    References listed on IDEAS

    as
    1. Chen, Shuping & Chen, Xia & Cheng, Qiang & Shevlin, Terry, 2010. "Are family firms more tax aggressive than non-family firms?," Journal of Financial Economics, Elsevier, vol. 95(1), pages 41-61, January.
    2. Shackelford, Douglas A. & Shevlin, Terry, 2001. "Empirical tax research in accounting," Journal of Accounting and Economics, Elsevier, vol. 31(1-3), pages 321-387, September.
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