What Can We Infer About a Firm’s Taxable Income From Its Financial Statements?

Michelle Hanlon

National Tax Journal, 2003, vol. 56, issue 4, 831-63

Abstract: In this paper I review and describe the income tax disclosures currently required in firms’ financial statements. I discuss many of the problems with trying to estimate a firm’s actual tax liabilities and taxable income from the income tax expense and disclosures to the financial statements. In doing so, I reveal the conditions under which taxable income may most accurately be estimated from financial statements as well as those conditions which make this task difficult, if not impossible.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ntj:journl:v:56:y:2003:i:4:p:831-63

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