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- Title
Firms' Responses to Anticipated Reductions in Tax Rates: The Tax Reform Act of 1986.
- Authors
Scholes, Myron S.; Wilson, G. Peter; Wolfson, Mark A.
- Abstract
This article presents information related to the tax reform act of 1986 and the firms' responses to anticipated reductions in tax rates in the U.S. Changes in the tax laws made rates for fiscal years ending in 1987 and 1988 a mixture of the older and newer rates. There were various ways firms could defer income in anticipation of these tax rate declines: postponing sales, accelerating research and development expenditures, accelerating advertising campaigns and accelerating pension contributions.
- Subjects
UNITED States; CORPORATE taxes; TAXATION; TAX reform; CORPORATE profits; ECONOMIC reform
- Publication
Journal of Accounting Research (Wiley-Blackwell), 1992, Vol 30, Issue 3, p161
- ISSN
0021-8456
- Publication type
Article
- DOI
10.2307/2491200