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Full-Text Articles in Taxation

Firm-Level Analysis Of The Tax Cuts And Jobs Act On Capital Expenditures, Mason Westphal May 2021

Firm-Level Analysis Of The Tax Cuts And Jobs Act On Capital Expenditures, Mason Westphal

Accounting Undergraduate Honors Theses

This study investigates the firm-level consequences to capital expenditure levels from the passing of the Tax Cuts and Jobs Act of 2017 (TCJA). It theorized that favorable tax provisions in the TCJA would cause firms to increase their levels of capital expenditures. To test this hypothesis, the study analyzed the capital expenditure levels of public firms from 1986-2019 controlling for factors such as national gross domestic product (GDP) growth and used a dummy variable of reporting periods after 2018 to represent the effects of the TCJA. In contrast to the original hypothesis, the results demonstrate that the TCJA had a ...


Naars, National Automated Accouning Research System, American Institute Of Certified Public Accountants (Aicpa) Jun 2020

Naars, National Automated Accouning Research System, American Institute Of Certified Public Accountants (Aicpa)

Guides, Handbooks and Manuals

No abstract provided.


Investing In The Land Of O.Z.: The Promise Of Qualified Opportunity Zone Investing In Ameliorating Urban Blight, Lukas John Foy May 2020

Investing In The Land Of O.Z.: The Promise Of Qualified Opportunity Zone Investing In Ameliorating Urban Blight, Lukas John Foy

Undergraduate Honors Theses

In 2017, President Trump’s landmark Tax Cuts and Jobs Act introduced one of the most prolific federal incentives for real estate development in decades. In an effort to stimulate investment in neglected neighborhoods across all 50 states and five territories, the Federal Government authorized the designation of almost 9,000 blighted census tracts across the country as eligible for tax incentives. Investment in these tracts, deemed Qualified Opportunity Zones, allow investors to receive substantial capital gains deferral and possible capital gains exclusion at the end of the designated holding period, assuming they comply with the regulations of the program ...


Financial Examinations, F. W. Thorton May 2020

Financial Examinations, F. W. Thorton

Guides, Handbooks and Manuals

No abstract provided.


Agglomeration Economies: How “Y’Allywood” Became The New Hollywood, Joseph Dugan Walker May 2020

Agglomeration Economies: How “Y’Allywood” Became The New Hollywood, Joseph Dugan Walker

Honors Theses

Agglomeration economies have gained special attention in recent decades. With the increasing connectivity of our world, specialized regional economies are stronger now than ever before. A specific agglomeration economy that has developed in recent years is the Georgia Film Industry. This region surpassed Hollywood as the premier filming location for the first time since the early 1900s when New York was number one. This thesis analyzes the reasons why Georgia was so successful in attracting the film industry and encouraging its development by comparing infrastructure, film tax incentives, population, and labor development to that of competing states like New York ...


The 2017 Tax Cuts And Jobs Act: Analyzing Its Financial Impact On Division I Universities, Judge Nash Mcwithey May 2020

The 2017 Tax Cuts And Jobs Act: Analyzing Its Financial Impact On Division I Universities, Judge Nash Mcwithey

Honors Theses

The Tax Cuts and Jobs Act has had a substantial impact in the United States since its inception in 2017. This tax code overhaul has had a profound effect on the way Division I universities operate their athletic department operations and fundraising efforts. By creating new channels of federal tax revenues and eliminating deductions, such as the “80/20” premium seating deduction that has been used by universities, athletic programs have already begun to see a shift in how they must operate. This modification is done in order to avoid any major repercussions from the new tax code. This thesis ...


Comprehensive Case Studies Of Financial Reporting Principles And Professional Development Topics, Caroline Bailey May 2020

Comprehensive Case Studies Of Financial Reporting Principles And Professional Development Topics, Caroline Bailey

Honors Theses

The purpose of this paper was to investigate financial reporting and professional development topics through the analysis of twelve original cases. The following case studies were completed over the course of a nine months in an independent study class in fulfillment of the requirements of the Sally McDonnell Barksdale Honors College, under the direction of Dr. Victoria Dickinson. Topics looked at included, but were not limited to, data analytic software, the creation of basic financial statements, treatment of various types of debt securities sales, and capitalization v. expensing of costs. Each case study introduced a new topic centered around a ...


Cryptocurrencies: An Overview, Investment Investigation, Comparative Analysis, And Regulatory Proposals, Jacob Franzen May 2020

Cryptocurrencies: An Overview, Investment Investigation, Comparative Analysis, And Regulatory Proposals, Jacob Franzen

Theses/Capstones/Creative Projects

With cryptocurrencies moving out of obscurity and into the public eye, the initial purpose of this research paper is to provide the history of cryptocurrencies, to explain the complex workings in and around cryptocurrencies, investigate their investment potential, and to draw attention to their potential for misuse. To follow, the primary purpose is to create a platform on which to compare cryptocurrencies with more common mediums of exchange, analyze their current international regulatory climate, highlight their trends within influential nations, discuss their pending and future regulation, and provide personal proposals for additional regulation. Due to the complex nature of the ...


Tax Progressivity And Entrepreneurial Dynamics, Orkhan Nadirov, Bruce Dehning Apr 2020

Tax Progressivity And Entrepreneurial Dynamics, Orkhan Nadirov, Bruce Dehning

Accounting Faculty Articles and Research

This study examines how tax progressivity affects entrepreneurial dynamics in 18 countries. The results show that increased downside progressivity has a positive influence on the transition rate from nascent entrepreneurship to established business ownership. In addition, only downside progressivity calculated using marginal tax rates is related to the transition ratio, implying that it is marginal tax rates, and not average tax rates, that are used in the entrepreneurial decision-making process. This paper contributes to our understanding of entrepreneurial dynamics and the effect of tax progressivity on the transition from nascent entrepreneurship to established business ownership.


An Economic Analysis Of The Pink Tax, Hajar L. Habbal Apr 2020

An Economic Analysis Of The Pink Tax, Hajar L. Habbal

Senior Theses

The “Pink Tax” broadly refers to firm pricing strategies and/or government policies that raise transactional costs (usually higher taxes or higher prices) for women. Conversations about the Pink Tax have been steadily growing over the past several decades; people have conflicting views on its existence, causes, and implications, to the point that there are substantive questions regarding its validity. More research is needed to determine where exactly the Pink Tax comes from and what are its true effects. For those who argue that the Pink Tax exists and is detrimental to females, a leading explanation for the transmission mechanism ...


Racialized Tax Inequity: Wealth, Racism, And The U.S. System Of Taxation, Palma Joy Strand, Nicholas A. Mirkay Apr 2020

Racialized Tax Inequity: Wealth, Racism, And The U.S. System Of Taxation, Palma Joy Strand, Nicholas A. Mirkay

Northwestern Journal of Law & Social Policy

This Article describes the connection between wealth inequality and the increasing structural racism in the U.S. tax system since the 1980s. A long-term sociological view (the why) reveals the historical racialization of wealth and a shift in the tax system overall beginning around 1980 to protect and exacerbate wealth inequality, which has been fueled by racial animus and anxiety. A critical tax view (the how) highlights a shift over the same time period at both federal and state levels from taxes on wealth, to taxes on income, and then to taxes on consumption—from greater to less progressivity. Both ...


Finance Theory Meets Tax Law: How A Risk-Based Rule Can Rationalize The Debt Versus Equity Distinction, Ted Gkoo Mar 2020

Finance Theory Meets Tax Law: How A Risk-Based Rule Can Rationalize The Debt Versus Equity Distinction, Ted Gkoo

The Contemporary Tax Journal

No abstract provided.


What Else Can Financial Statements Tell You?, American Institute Of Certified Public Accountants (Aicpa) Feb 2020

What Else Can Financial Statements Tell You?, American Institute Of Certified Public Accountants (Aicpa)

Guides, Handbooks and Manuals

No abstract provided.


What Really Needs To Be Done To Close Tax Haven Loopholes?, Singapore Management University Feb 2020

What Really Needs To Be Done To Close Tax Haven Loopholes?, Singapore Management University

Perspectives@SMU

While media shaming of corporations which profit-shift to a tax haven is an obvious deterrent of such activity, governments need to change tax laws in order to have a real impact


Internal Audit Policy Statement, American Institute Of Certified Public Accountants. Internal Audit Division, Jerry Cicalese Jan 2020

Internal Audit Policy Statement, American Institute Of Certified Public Accountants. Internal Audit Division, Jerry Cicalese

Guides, Handbooks and Manuals

No abstract provided.


The Effects Of The Tcja On Missouri Taxpayers, Elouise Hardwrict Jan 2020

The Effects Of The Tcja On Missouri Taxpayers, Elouise Hardwrict

2020 Academic Exhibition

The purpose of this presentation is to inform the general public on the effects that recent tax reform or the Tax Cut and Jobs Act has on the state of Missouri and Missouri taxpayers. While some Missourians may not be affected by these changes, others may be experiencing any impact on a more significant scale. There are benefits from this tax reform, as well as some downfalls which is a significant change for some taxpayers.


Investigating The Effects Of Tax Cuts On Capital Expenditures As An Alternative To Restore The United States Economy From The Covid-19 Pandemic, Carlos M. Parodi Jan 2020

Investigating The Effects Of Tax Cuts On Capital Expenditures As An Alternative To Restore The United States Economy From The Covid-19 Pandemic, Carlos M. Parodi

University Honors Program Theses

The Corona Virus has interrupted several years of strong economic expansion in the United States. In fact, it has disrupted the lives of every single person and organization in the world. After reaching its peak in mid-April, the rate of cases and related deaths has finally started to slow down. The U.S. Government passed three different pieces of legislation to address the effects of the virus. It is now considering legislation (referred to as Phase IV) to accelerate the return of the U.S. economy to its pre-pandemic level. Studies have shown that capital expenditures have been essential during ...


Legalized Sports Betting, Vlt Gambling, And State Gambling Revenues: Evidence From West Virginia, Brad Humphreys Jan 2020

Legalized Sports Betting, Vlt Gambling, And State Gambling Revenues: Evidence From West Virginia, Brad Humphreys

Economics Faculty Working Papers Series

A Supreme Court decision legalizing sports betting in the US led states to legalize sports betting in order to generate new tax revenues from wagering on sports events. Most states already permit other forms of gambling and receive tax revenues from these sources. The literature analyzing consumer substitution in gambling spending contains some evidence on the impact of expansions in many types of gambling, but no evidence on the impact of expanded sports betting. This paper exploits the legalization of sports betting and timing of sports book openings in West Virginia to analyze the impact of expanded sports betting on ...


An Analysis Of Excise Taxes On Wine In The United States, William A. Saunders Jan 2020

An Analysis Of Excise Taxes On Wine In The United States, William A. Saunders

Honors Theses and Capstones

Excise taxes are a form of tax that are applied specifically to certain goods, and are charged by the wholesaler to the retailer; they are then usually passed onto the consumer through price increases. Throughout the history of the United States, this form of taxation has transformed and taken on a variety of different roles before arriving at its modern role; a tool to implement certain tax systems, such as the Pigovian system, as well as to influence consumer behavior. The purpose of this research is to evaluate the purpose of excise taxes on wine within the United States by ...


What Is Income? [Pattern Speech], American Institute Of Accountants Dec 2019

What Is Income? [Pattern Speech], American Institute Of Accountants

Guides, Handbooks and Manuals

No abstract provided.


What Is Income? [Pattern Speech], American Institute Of Accountants Dec 2019

What Is Income? [Pattern Speech], American Institute Of Accountants

Guides, Handbooks and Manuals

No abstract provided.


Tax Indemnification And The Association Between Unrecognized Tax Benefit Reserves And Future Tax Cash Outflows, Patrick Lee Hopkins Dec 2019

Tax Indemnification And The Association Between Unrecognized Tax Benefit Reserves And Future Tax Cash Outflows, Patrick Lee Hopkins

Theses and Dissertations

Tax indemnification transfers from a firm to an outside party the risk of potential cash settlements associated with uncertain tax positions taken in prior years. The current accounting treatment of tax indemnification under Accounting Standards Codification (ASC) 805 and the required disclosures for uncertain tax positions under ASC 740 provide little or no information regarding this risk transfer in the financial statements or notes. I examine merger and acquisition (M&A) contracts from 2008 through 2013 and find that tax indemnification is commonly present in M&A transactions. I then provide evidence that the association between current uncertain tax benefit ...


Analyzing The Necessity And Feasibility Of The Freedom Dividend, Patrick Hodson Dec 2019

Analyzing The Necessity And Feasibility Of The Freedom Dividend, Patrick Hodson

Theses/Capstones/Creative Projects

Job displacement stemming from automation has already taken away millions of jobs in the United States. Andrew Yang fears that future advancements could replace further jobs and exacerbate the wealth inequality already prevalent in our country. This has motivated his plan for change, the Freedom Dividend. This paper was designed to begin with an analysis of the motives for Yang’s plan. It then goes on to cover the details of his plan and assess the economic and administrative feasibility. The paper is concluded by looking at the potential outcomes of the plan and identifying major problem areas that need ...


Spillover Effects Of Clients’ Tax Enforcement On Financial Statement Auditors: Evidence From A Discontinuity Design, Travis K. Chow, Jeffrey Pittman, Muzhi Wang, Le Zhao Nov 2019

Spillover Effects Of Clients’ Tax Enforcement On Financial Statement Auditors: Evidence From A Discontinuity Design, Travis K. Chow, Jeffrey Pittman, Muzhi Wang, Le Zhao

Research Collection School Of Accountancy

We examine the impact of clients’ tax enforcement on financial statement auditors. In a regression discontinuity design, we exploit the firm-registration-date-based application of a new rule that assigns firms to two different tax enforcement regimes. Our analysis implies that auditors exert less effort–evident in lower audit fees and shorter audit report lags–when their clients are monitored by the more stringent tax authority. In results supporting that audit quality improves in this situation despite the fall in auditor effort, we report that clients subject to tougher tax enforcement exhibit a lower incidence of accounting restatements and tax-related restatements. Additionally ...


The Tax Cuts And Jobs Act’S Incorporation “Incentive”, Michael S. Knoll Oct 2019

The Tax Cuts And Jobs Act’S Incorporation “Incentive”, Michael S. Knoll

Wharton Public Policy Initiative Issue Briefs

Many observers have asserted that the reduced corporate tax rate instituted by the 2017 Tax Cuts and Jobs Act (TCJA) has transformed entity choice for business owners, incentivizing owners of businesses structured as sole proprietorships or passthrough entities to incorporate their businesses and to use these new corporations as pocketbook investment vehicles to invest in and hold portfolio investments, substantially reducing wealthy individuals’ tax obligations and Treasury’s tax collections. This brief offers a different view, and discusses why predictions of widespread conversions to the corporate form at a substantial cost to the fiscal position of the U.S. are ...


Giving Back: Helping The Next Generation Of Tax Professionals Thrive In Chicago And Beyond: John Mann (Mst '83, Mba '01) Oct 2019

Giving Back: Helping The Next Generation Of Tax Professionals Thrive In Chicago And Beyond: John Mann (Mst '83, Mba '01)

Business Exchange

Profile of donor John Mann (MST '83, MBA '01), who targets his philanthropy to help MST students with the John and Sharon Mann Scholarship Fund.


2019 Annual Platform Survey: Tackling Undeclared In The Collaborative Economy And Bogus Self-Employment, Data Exchange And Data Protection, And Cross-Border Sanctions, Colin C. Williams Oct 2019

2019 Annual Platform Survey: Tackling Undeclared In The Collaborative Economy And Bogus Self-Employment, Data Exchange And Data Protection, And Cross-Border Sanctions, Colin C. Williams

Colin C Williams

This survey collected information from EU Member States, as well as Iceland and Norway, on three issues:
 Tackling undeclared work in the collaborative economy and bogus self-employment.
 Data exchange and data protection.
 Cross-border sanctions.
Of the 28 Platform members from EU Member States as well as Iceland and Norway, 28 out of 30 responses were received. In addition, the European Trade Union Confederation (ETUC) provided qualitative feedback on the role of social partners and their cooperation with enforcement authorities to tackle undeclared work in the areas covered by the survey.


Research Summary: Does Front-Loading Taxation Increase Savings? Evidence From Roth 401(K) Introductions, Parker Gardner Oct 2019

Research Summary: Does Front-Loading Taxation Increase Savings? Evidence From Roth 401(K) Introductions, Parker Gardner

Marriott Student Review

Can taxing retirement savings upfront increase buying power in retirement? BYU Marriott School of Management Dean Brigitte Madrian and fellow researches examine the impact of Roth 401(k)s on retirement savings and find that the introduction of Roth 401(k)s does not impact the dollar amount invested into 401(k)s.


La France : Un Terrain Propice De La Fraude, Sydnee Nowlen Oct 2019

La France : Un Terrain Propice De La Fraude, Sydnee Nowlen

Languages and Literature Undergraduate Student Works

French fraud became a very big problem in the 1970s. Since that time, a lot of changes have occurred. One can understand these changes in France by investigating ethical principles, specifically the judgment and culture of accountants and business people. Ethics influence the law in France which is passed by numerous professional bodies. However, many people do not follow the law and they perpetrate fraud. Fraud appears in public companies, by their customers, and in family businesses. France punishes criminals who commit fraud in many different ways, but they are not perfect. The people with more money are punished less ...


Une Introduction Pour La Comptabilité Française, Sydnee Nowlen Oct 2019

Une Introduction Pour La Comptabilité Française, Sydnee Nowlen

Languages and Literature Undergraduate Student Works

Accounting practices differ between France and the United States. Financial statements are formatted similarly on the surface, but when one investigates further, they quickly realize that the contents of the statements are very different. Also, the laws and regulations in France require different practices than are required in the United States. However, the two are becoming more similar with the influence of the IFRS, which creates the accounting laws for the world. A lot of changes have presented themselves during the 21st century in France, specifically with stronger monitoring and technology. The accounting practice is not perfect, but the ...