https://scholars.lib.ntu.edu.tw/handle/123456789/608006
標題: | The effect of accounting for income tax uncertainty on tax-deductible loss accruals for private insurers | 作者: | Cheng J Chow T TZU-TING LIN Ng J. |
關鍵字: | corporate taxation;insurance companies;loss reserve error;SSAP 101 | 公開日期: | 2021 | 來源出版物: | Journal of Risk and Insurance | 摘要: | Little is known about the effects of accounting regulation on private insurers. In this paper, we examine the uniqueness of the tax deductibility of insurers' loss accruals. We find that private insurers' overstatement of loss accruals in tax planning significantly decreases after adoption of the Statement of Statutory Accounting Principles (SSAP) 101, which mandates that insurance companies recognize and measure tax contingencies. Relative to public insurers' loss reserve errors, those of private insurers decrease by an estimated 0.8%–1.1% of total assets, implying a forfeited tax benefit of $1.79–$4.4 million per firm, per year. We also find that the decrease is mitigated for insurers with lower IRS monitoring or in states where the insurance industry comprises a greater part of state employment. Additionally, insurers with independent boards, or those with independent, external actuaries are more responsive to the adoption of SSAP 101. ? 2021 American Risk and Insurance Association |
URI: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-85118191222&doi=10.1111%2fjori.12367&partnerID=40&md5=8419d264b4b0abe04f4b7278fd8d9841 https://scholars.lib.ntu.edu.tw/handle/123456789/608006 |
ISSN: | 00224367 | DOI: | 10.1111/jori.12367 |
顯示於: | 財務金融學系 |
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