The role of intellectual capital in mitigating inflation-related tax distortions

A higher corporate tax burden (TB, CTB) in the presence of inflation have long been viewed as an interesting topic of many researchers as well as practitioners. Hence, firms make constant efforts to mitigate this distortion by investing intellectual capital (IC) because these assets allow them to ig...

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Tác giả chính:	Nguyen D.
Định dạng:	Conference Paper
Ngôn ngữ:	English
Thông tin xuất bản:	Academic Conferences and Publishing International Limited 2021
Chủ đề:	Inflation Intellectual capital IPR reform Tax burden Tax distortions
Truy cập trực tuyến:	https://books.google.com.vn/books?hl=vi&lr=&id=Z9XEDwAAQBAJ&oi=fnd&pg=PA265&dq=The+role+of+intellectual+capital+in+mitigating+inflation-related+tax+distortions&ots=PTxglW5pP5&sig=W_Eaf3UEtvLAA6d4cyq6ykhkclQ&redir_esc=y#v=onepage&q=The%20role%20of%20intellectual%20capital%20in%20mitigating%20inflation-related%20tax%20distortions&f=false http://digital.lib.ueh.edu.vn/handle/UEH/62268
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spelling	oai:localhost:UEH-622682021-09-05T02:41:49Z The role of intellectual capital in mitigating inflation-related tax distortions Nguyen D. Inflation Intellectual capital IPR reform Tax burden Tax distortions A higher corporate tax burden (TB, CTB) in the presence of inflation have long been viewed as an interesting topic of many researchers as well as practitioners. Hence, firms make constant efforts to mitigate this distortion by investing intellectual capital (IC) because these assets allow them to ignore “the matching concept” in accounting standards. This paper investigates the role of IC as well as intellectual property rights (IPR) reform in mitigating inflation-related tax distortions, using a panel dataset extracted from non-financial listed firms in Vietnam during the period from 2011 to 2018. Adopting the fixed- and random-effect regressions to analyse a sample of 932 firm-year observations, the study finds that inflation distorts the real CTB when tax deductions are based on historical cost. More importantly, these distortions, however, are mitigated by investing in IC as well as reforming IPR at firm and country level, respectively. The findings are valuable at both theoretical and practical significances. For theoretical contribution, this research provides empirical evidences to current literature because it is one of the first papers focusing on the role of IC in mitigating tax distortions in Vietnam. In addition, compared to existing studies, we apply the valuation theory to measure CTB instead of finance theory. For practical contribution, companies can make decisions related to invest in IC. 2021-09-05T02:41:49Z 2021-09-05T02:41:49Z 2019 Conference Paper 2048-9803 https://books.google.com.vn/books?hl=vi&lr=&id=Z9XEDwAAQBAJ&oi=fnd&pg=PA265&dq=The+role+of+intellectual+capital+in+mitigating+inflation-related+tax+distortions&ots=PTxglW5pP5&sig=W_Eaf3UEtvLAA6d4cyq6ykhkclQ&redir_esc=y#v=onepage&q=The%20role%20of%20intellectual%20capital%20in%20mitigating%20inflation-related%20tax%20distortions&f=false http://digital.lib.ueh.edu.vn/handle/UEH/62268 en Proceedings of the 16th International Conference on Intellectual Capital, Knowledge Management & Organizational Learning ICICKM 2020 none Portable Document Format (PDF) 265 272 Academic Conferences and Publishing International Limited
institution	Đại học Kinh tế Thành phố Hồ Chí Minh
collection	DSpaceUEH
language	English
topic	Inflation Intellectual capital IPR reform Tax burden Tax distortions
spellingShingle	Inflation Intellectual capital IPR reform Tax burden Tax distortions Nguyen D. The role of intellectual capital in mitigating inflation-related tax distortions
description	A higher corporate tax burden (TB, CTB) in the presence of inflation have long been viewed as an interesting topic of many researchers as well as practitioners. Hence, firms make constant efforts to mitigate this distortion by investing intellectual capital (IC) because these assets allow them to ignore “the matching concept” in accounting standards. This paper investigates the role of IC as well as intellectual property rights (IPR) reform in mitigating inflation-related tax distortions, using a panel dataset extracted from non-financial listed firms in Vietnam during the period from 2011 to 2018. Adopting the fixed- and random-effect regressions to analyse a sample of 932 firm-year observations, the study finds that inflation distorts the real CTB when tax deductions are based on historical cost. More importantly, these distortions, however, are mitigated by investing in IC as well as reforming IPR at firm and country level, respectively. The findings are valuable at both theoretical and practical significances. For theoretical contribution, this research provides empirical evidences to current literature because it is one of the first papers focusing on the role of IC in mitigating tax distortions in Vietnam. In addition, compared to existing studies, we apply the valuation theory to measure CTB instead of finance theory. For practical contribution, companies can make decisions related to invest in IC.
format	Conference Paper
author	Nguyen D.
author_facet	Nguyen D.
author_sort	Nguyen D.
title	The role of intellectual capital in mitigating inflation-related tax distortions
title_short	The role of intellectual capital in mitigating inflation-related tax distortions
title_full	The role of intellectual capital in mitigating inflation-related tax distortions
title_fullStr	The role of intellectual capital in mitigating inflation-related tax distortions
title_full_unstemmed	The role of intellectual capital in mitigating inflation-related tax distortions
title_sort	role of intellectual capital in mitigating inflation-related tax distortions
publisher	Academic Conferences and Publishing International Limited
publishDate	2021
url	https://books.google.com.vn/books?hl=vi&lr=&id=Z9XEDwAAQBAJ&oi=fnd&pg=PA265&dq=The+role+of+intellectual+capital+in+mitigating+inflation-related+tax+distortions&ots=PTxglW5pP5&sig=W_Eaf3UEtvLAA6d4cyq6ykhkclQ&redir_esc=y#v=onepage&q=The%20role%20of%20intellectual%20capital%20in%20mitigating%20inflation-related%20tax%20distortions&f=false http://digital.lib.ueh.edu.vn/handle/UEH/62268
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The role of intellectual capital in mitigating inflation-related tax distortions

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