000			03122cam a22003977 4500
001			w28775
003			NBER
005			20211020103207.0
006			m o d
007			cr cnu||||||||
008			210910s2021 mau fo 000 0 eng d
100	1		_aBarrios, John M.
245	1	0	_aTax Planning Knowledge Diffusion via the Labor Market / _cJohn M. Barrios, John Gallemore.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2021.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w28775
500			_aMay 2021.
520	3		_aWe examine the extent to which the labor market facilitates the diffusion of tax planning knowledge across firms. Using a novel dataset of tax department employee movements between S&P 1500 firms, we find that firms experience an increase in their tax planning after hiring a tax employee from a tax aggressive firm. This finding is robust to various research designs and specifications. Consistent with tax planning knowledge driving this result, we find that the tax planning benefit of hiring an employee from a tax aggressive firm is stronger when the employee has more tax experience and is hired into a senior tax department role, and when the hiring firm likely had less tax planning knowledge prior to the hire. Further tests suggest that tax planning knowledge is highly specific in nature: the increase in tax avoidance is larger when the hiring and former firms are similar (i.e., operating in the same sector or having similar foreign operations), and firms are more likely to hire tax department employees from firms with similar characteristics. Our study documents the first-order role of the labor market in the diffusion of tax planning knowledge across firms, and suggests that tax department human capital is a central determinant of tax planning outcomes.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aH25 - Business Taxes and Subsidies _2Journal of Economic Literature class.
690		7	_aH26 - Tax Evasion and Avoidance _2Journal of Economic Literature class.
690		7	_aJ20 - General _2Journal of Economic Literature class.
690		7	_aJ24 - Human Capital • Skills • Occupational Choice • Labor Productivity _2Journal of Economic Literature class.
690		7	_aJ4 - Particular Labor Markets _2Journal of Economic Literature class.
690		7	_aJ44 - Professional Labor Markets • Occupational Licensing _2Journal of Economic Literature class.
690		7	_aJ60 - General _2Journal of Economic Literature class.
700	1		_aGallemore, John.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w28775.
856	4	0	_uhttps://www.nber.org/papers/w28775
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w28775
942			_2ddc _cW-PAPER
999			_c388054 _d346616