@article{kelley_lewellen_lynch_samuel_2024, title={"Just BEAT it" do firms reclassify costs to avoid the base erosion and anti-abuse tax (BEAT) of the TCJA?}, volume={77}, ISSN={["1879-1980"]}, DOI={10.1016/j.jacceco.2023.101648}, abstractNote={This study empirically examines whether firms reclassify related-party payments to avoid the base erosion and anti-abuse tax (BEAT) of the Tax Cuts and Jobs Act (TCJA). We leverage the BEAT filing threshold and use both a difference-in-differences design among U.S. firms and a triple-difference design utilizing the parent company's location to provide evidence that firms reclassify related-party payments to avoid the BEAT. This effect is stronger in firms with greater pre-TCJA income shifting incentives. We estimate a $6 billion aggregate reduction in U.S. taxes for our sample firms in 2018. We also examine the consequences of reclassifying related-party payments and find some evidence of an increase in tax reserves and a reduction in internal information quality for firms that engage in cost reclassification to avoid the BEAT. These findings help explain observed BEAT collection shortfalls, contribute to the current policy debate about international tax reform, and document spillover effects of tax policy.}, number={2-3}, journal={JOURNAL OF ACCOUNTING & ECONOMICS}, author={Kelley, Stacie O. and Lewellen, Christina M. and Lynch, Daniel P. and Samuel, David M. P.}, year={2024} }
 @article{traini_goldman_lewellen_2022, title={Aggressive Tax Planning and Labor Investments}, ISSN={["2160-4061"]}, DOI={10.1177/0148558X221089638}, abstractNote={ We examine the association between aggressive tax planning and labor investment efficiency among U.S. firms. Labor is an important input to production that is material to many firms, and prior research suggests that inefficient labor investments can negatively affect future profitability and growth. We provide evidence that firms engaging in aggressive tax planning are associated with deviations from expected labor investments, which is indicative of labor investment inefficiency. We find that our results are concentrated in labor underinvestment, consistent with risks and uncertainties from aggressive tax planning making firms more cautious when investing. Our findings are strongest among firms with greater tax risk, higher labor costs, and weaker corporate governance. Our study contributes to the literature examining tax planning consequences by providing evidence that a tradeoff exists between aggressive tax planning and investments in labor. Therefore, our results suggest that managers should carefully consider the cash flow benefits of tax planning in conjunction with the potential effects of lower labor investments to ensure that the overall long-term effect of the tax strategy is value-increasing. }, journal={JOURNAL OF ACCOUNTING AUDITING AND FINANCE}, author={Traini, Simone and Goldman, Nathan C. and Lewellen, Christina M.}, year={2022}, month={Apr} }
 @article{lewellen_2022, title={Tax haven incorporation and financial reporting transparency}, ISSN={["1573-7136"]}, DOI={10.1007/s11142-022-09676-2}, journal={REVIEW OF ACCOUNTING STUDIES}, author={Lewellen, Christina M.}, year={2022}, month={Apr} }
 @article{beasley_goldman_lewellen_mcallister_2021, title={Board Risk Oversight and Corporate Tax-Planning Practices}, volume={33}, ISSN={["1558-8033"]}, DOI={10.2308/JMAR-19-056}, abstractNote={ABSTRACT}, number={1}, journal={JOURNAL OF MANAGEMENT ACCOUNTING RESEARCH}, author={Beasley, Mark S. and Goldman, Nathan C. and Lewellen, Christina M. and McAllister, Michelle}, year={2021}, pages={7–32} }
 @article{lewellen_mauler_watson_2021, title={Tax Haven Incorporation and the Cost of Capital*}, ISSN={["1911-3846"]}, DOI={10.1111/1911-3846.12703}, abstractNote={ABSTRACT}, journal={CONTEMPORARY ACCOUNTING RESEARCH}, author={Lewellen, Christina M. and Mauler, Landon and Watson, Luke}, year={2021}, month={Sep} }
 @article{atwood_lewellen_2019, title={The Complementarity between Tax Avoidance and Manager Diversion: Evidence from Tax Haven Firms}, volume={36}, ISSN={["1911-3846"]}, DOI={10.1111/1911-3846.12421}, abstractNote={ABSTRACT}, number={1}, journal={CONTEMPORARY ACCOUNTING RESEARCH}, author={Atwood, T. J. and Lewellen, Christina}, year={2019}, month={Mar}, pages={259–294} }