Munich Personal RePEc Archive

Explaining Corporate Effective Tax Rates Before and During the Financial Crisis: Evidence from Greece

Stamatopoulos, Ioannis and Hadjidema, Stamatina and Eleftheriou, Konstantinos (2016): Explaining Corporate Effective Tax Rates Before and During the Financial Crisis: Evidence from Greece.

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Abstract

This paper examines the determinants of the variability in corporate effective tax rates before and after the beginning of the financial crisis in Greece. Analyzing firm-level data for the period between 2000 - 2014, we find strong evidence that specific firm characteristics including firm size, financial leverage, capital and inventory intensity influence the level of corporate effective tax rates. Our results also indicate that corporate effective tax rates and their association with the firm-specific characteristics were significantly influenced in the sub-period after the beginning of the financial crisis. Our findings may have important implications both for policy makers and firms.

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