Executive Takeaways
■ Firms with internal tax resources yield beneficial tax reporting outcomes, but some strategies may be aggressive. ■ Auditors providing consulting tax services tend to dampen an internal tax department’s influence on tax outcomes. ■ Senior tax executives who are an alumnus of the client’s audit firm are associated with lower effective tax rates.
■ Audit committee members with legal or tax expertise are associated with lower uncertain tax benefits. ■ CFOs with a tax background are associated with higher uncertain tax benefits.
Divesh S. Sharma, Professor of Accounting Jennifer K. Schafer, Associate Professor of Accounting
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