Earnings management induced by tax planning: The case of Portuguese private firms
Lúcia Lima Rodrigues and
Journal of International Accounting, Auditing and Taxation, 2011, vol. 20, issue 2, 83-96
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)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jiaata:v:20:y:2011:i:2:p:83-96
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