Using tax return data to simulate corporate marginal tax rates
By: John R. Graham, Lillian F. Mills.
Contributors: Mills, Lillian F.; National Bureau of Economic Research.
Series: NBER working paper series -- working paper 13709; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13709.
Publisher: National Bureau of Economic Research
Published: 2007
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "We document that simulated corporate marginal tax rates based on financial statement data (Shevlin 1990 and Graham 1996a) are highly correlated with simulated rates based on corporate tax return data.  We provide algorithms that can be used to estimate the book or tax simulated rates when they are not available.  We find that the simulated book marginal tax rate does a better job of explaining financial statement debt ratios than does the analogous tax return variable and discuss how the book simulated rate is likely to be an appropriate measure in settings with global, long-term considerations"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/6/2008.

Includes bibliographical references.

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