Econometric accounting of the Australian corporate tax rates: A firm panel example

Feeny, S, Harris, M and Gillman, M 2006, 'Econometric accounting of the Australian corporate tax rates: A firm panel example', Accounting Research Journal, vol. 19, no. 1, pp. 64-73.


Document type: Journal Article
Collection: Journal Articles

Title Econometric accounting of the Australian corporate tax rates: A firm panel example
Author(s) Feeny, S
Harris, M
Gillman, M
Year 2006
Journal name Accounting Research Journal
Volume number 19
Issue number 1
Start page 64
End page 73
Total pages 10
Publisher Queensland University of Technology
Abstract The paper presents an econometric accounting of the effective corporate tax rate in Australia for the years 1993 to 1996. The estimation is a panel of Australian firms that uses a specially gathered financial data base. Using fixed and random effects, the model specifies that the statutory tax rate is estimated as the constant term of the model. An ability to find an estimated statutory tax rate that is close to the actual rate suggests a certain confidence in the estimated effects of the others factors affecting the effective tax rate. The results show importance for interest expenses, depreciation allowances, debt/asset structures, and the foreign ownership of firms. There is support for an Australian role as a preferential tax location.
Subject Industry Economics and Industrial Organisation
Keyword(s) effective tax rate
accounting model
panel data
random and fixed effects
ISSN 1030-9616
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