Tax Risk, Corporate Governance, and the Valuation of Tax Avoidance Across Philippine Firms: How Do Investors Value Corporate Tax Avoidance?

• Main Authors: Ang, Christine E., Chan, Shawn Luther S., Sow, Sean Ellison G., Yap, Siegwald K., Estabillo, Madeleine B., Go, Anne, Unite, Angelo A.
• Format: text
• Published: Animo Repository 2022
• Subjects: Philippines; tax; tax avoidance; tax policies; Taxation; Tax Law
• Online Access: https://animorepository.dlsu.edu.ph/res_aki/90; https://animorepository.dlsu.edu.ph/context/res_aki/article/1088/viewcontent/Tax_Risk__Corporate_Governance__and_the_Valuation_of_Tax_Avoidance_Across_Philippine_Firms.pdf
• Institution: De La Salle University

Tax avoidance has traditionally been thought to enhance firm value because it generates cash savings for reinvestment or distribution to shareholders. More recent literature, however, suggests that tax avoidance valuation may not be so simple. Desai and Dharmapala (2009) introduced the “agency persp...