Stacie Kelley Laplante

TL;DR: In this paper, the authors examined the extent of multijurisdictional income shifting by U.S. multinational companies over the past two decades and found that companies with low average foreign tax rates collectively shifted approximately $10 billion of additional income out of the United States annually during 2005-2009 relative to 1998-2002 due to varying regulatory costs of shifting.

TL;DR: In this article, the authors examined the explanatory power of book and taxable income for a large sample of firms and found that book income exhibits significantly greater relative explanatory power while both exhibit significant incremental explanatory power.

TL;DR: In this paper, the authors examine the extent of multijurisdictional income shifting by U.S. multinational companies over the past two decades and show that using either multi-period proxies or instrumental variables overcome weaknesses of annual proxies in this setting.

TL;DR: In this paper, the authors examined the explanatory power of book and taxable income for a large sample of firms and found that book income exhibits significantly greater relative explanatory power than taxable income, while both exhibit significant incremental explanatory power.

TL;DR: In this paper, the authors examine firm characteristics that mitigate or enhance the ability of taxable income to inform investors regarding firm performance and find that the relative and incremental information content of estimated taxable income compared to book income is lower for high tax planning firms and higher for low earnings quality firms.