Understanding how companies (sometimes) inadvertently pay less in taxes

There is a lot of interest among investors, regulators and researchers in understanding the extent to which companies take intentional steps to avoid paying taxes. A new study highlights the fact that many companies unintentionally avoid paying taxes and outlines why this is important for observers to keep in mind. The paper, "Endogeneity and the Economic Consequences of Tax Avoidance," is published in the journal Contemporary Accounting Research.