The Relationship Between Book Profit and Taxable Income from a Research Perspective - Evidence Based on Corporations in Poland

Anna Leszczyłowska


One of the major obstacles faced by research into corporate taxation is connected with the lack of empirical data. Since tax returns are not publically available due to confidentiality requirements, firms' financial statements seem to be an alternative. The aim of the paper is to analyze whether financial statements are an adequate and useful source of information from the perspective of a researcher searching for data proper for a quantitative analyses of corporate taxation. The investigation is aimed at answering the following questions: In what way do corporations present their income tax liabilities and deferred taxes in profit and loss accounts? How can the amount of the tax due be derived from financial statements and what is the accuracy of the applied formula? To what extent do companies incurring book losses have also a zero tax base? The research is based on the financial statements of companies (4.059 observations within the period of four years), which were obliged to publish them in the official register Monitor Polski B, which is accessible in the database of Emerging Markets Information Services. The method applied in the paper is based on an analysis of particular items of firms' financial statements and their formulabased adjustment.
Author Anna Leszczyłowska (WZ / KFP)
Anna Leszczyłowska,,
- Department of Corporate Finance
Journal seriesJournal of Economics and Management, ISSN 1732-1948, (B 12 pkt)
Issue year2014
Publication size in sheets0.7
Keywords in Englishbook tax differences, book tax conformity, corporate income tax, tax accounting
Languageen angielski
Score (nominal)12
Score sourcejournalList
ScoreMinisterial score = 8.0, 13-12-2019, ArticleFromJournal
Ministerial score (2013-2016) = 12.0, 13-12-2019, ArticleFromJournal
Citation count*6 (2021-01-19)
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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