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德勤－复旦会计论坛系列讲座之一百三十四

 

时间：2017年11月21日（周二）下午13：30

地点：史带楼502室

主持人: 施海娜 副教授

Speaker：邵翔   (复旦大学管理学院)

Title：Globalization and Tax Avoidance: U.S. Corporate Tax Avoidance and Chinese Import Competition

Abstract：This paper studies how globalization affects corporate tax avoidance. Specifically, we focus on the import competition effect of globalization and study how Chinese import competition affects the tax avoidance activities of U.S. manufacturing firms. Using U.S. granting China Permanent Normal Trade Relations (PNTR) as a natural experiment, we find a significant increase in tax avoidance for firms facing higher Chinese import competition. The effect is more pronounced for firms with poorer corporate governance and higher managerial slack. We also find that the effect is stronger for firms facing higher existing product market competition, but is mitigated by the local social capital of firms’ headquarters. Our paper provides initial evidence that Chinese import competition motivates U.S. firms to avoid more tax.

 

会计学系

2017-11-15