Tax Policy Model Considering Cultural Values

Gholamreza Karami, Alireza Shahabi
2016 Taḥqīqāt-i mālī  
Firms' tax amounts represent cash outflows from firms to the governments. Cash flows which could be invested and create value for the firms. Therefore firms have been tried to restrict those cash outflows through implementing different tax policies. This research is about to develop and test a tax policy predictor model. Statistical model consist of 85 public firms listed on Tehran Stock Exchange (TSE). Structural equation modeling is the statistical instrument. Religion and trust in public
more » ... or are proxies for cultural values. Results indicate that cultural values affect firms' tax policy while intermediating variables are in and have no impact when those intermediating variables are not included. Other findings show effects of capital structure on tax policy development by firms.
doi:10.22059/jfr.2016.62455 doaj:f74915d2b18740c18661d7d9df416517 fatcat:dedghgkc3bgdjatvus3pet72hm