Abstract
This paper examines the differences in aggressive tax sheltering between family firms and non-family firms and the effects of family succession on tax sheltering. Additionally, we investigate whether the separation of control rights and ownership is the main driver for tax sheltering activities. Using data from Taiwanese firms during a period from 2002-2009, the results show that family firms are more aggressive in tax sheltering as compared to non-family firms. Finally, we provide evidence that the divergence between control and ownership is a key driver for tax sheltering activities.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have