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Earnings management induced by tax planning: The case of Portuguese private firms

Mário Marques, Lúcia Lima Rodrigues and Russell Craig

Journal of International Accounting, Auditing and Taxation, 2011, vol. 20, issue 2, 83-96

Abstract: In Portugal, a concept of taxable income associated closely with reported accounting income is used to determine the tax liability of firms. Recently, the Portuguese government legislated to introduce a system of “special payment on account” (SPA). Firms were required to pay an amount of income tax in advance that varied between a promulgated minimum and maximum. Although such a tax is unique to Portugal, other countries have tax arrangements that are similar in intent. Thus, Portugal's experience with the introduction of a SPA regime is likely to be instructive in fiscal policy deliberations in other settings.

Keywords: Earnings management; Income tax; Special payment on account (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1016/j.intaccaudtax.2011.06.003

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