This study contributes to the literature on the effects of IFRS adoption and on the determinants of tax avoidance
, as it identifies taxation effects for IFRS adoption and shows that the adoption of one accounting standard is associated with a higher level of company tax avoidance
"That's four times more than the next greatest contributor of corporate tax avoidance
risks, the Netherlands, which accounts for less than 7%."
Amazon's tax avoidance
also means it will pay a -1 percent federal income tax rate this year after paying a federal rate of more than 11 percent between 2011 and 2016.
The Juncker Commission has been at the forefront of global efforts to tackle tax avoidance
and tax evasion.
If the marginal cost of tax avoidance
is sufficiently small, additional internal cash flows generated by tax avoidance
may reduce the firm's financial constraints and the risk of financial distress.
However, little is known about tax avoidance
in developing countries and how institutional characteristics shape the incentives to avoid taxes.
The leaked Paradise Papers have exposed tax avoidance
by the super-rich, with Labour's Jeremy Corbyn saying "tens of billions" is being "leeched" from public services.
Increased efforts to crack down on corporate tax avoidance
have come in the wake of a public backlash over dubious practices by the likes of Amazon, Apple and Google.
Paul Noble, tax director at Pinsent Masons, said: "HMRC has had a number of high-profile wins in tackling tax avoidance
, with some of the UK's most famous faces suffering intense public scrutiny for their supposed involvement.
7874, regardless of whether there is a principal purpose of tax avoidance
. The reason behind this different treatment is unclear.
Mr Balls stormed: "The Tories can claim they'll raise money from tackling tax avoidance
, but the amount of uncollected tax has gone up under this government.
ED Miliband has challenged David Cameron to say whether he agrees with a former Conservative treasurer's claim that "everyone" engages in tax avoidance
. After Tory peer Lord Fink's admission that he had taken "vanilla, bland" avoidance measures to reduce his tax liabilities, Mr Miliband said the Prime Minister was facing "a defining moment" in his leadership.