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13 Austl. Tax F. 507 (1997)
The Gap between Accounting Profit and Taxable Income

handle is hein.journals/austraxrum13 and id is 513 raw text is: The Gap between Accounting Profit and Taxable Income Alfred V. Tran* This paper reports a statistical analysis of the effective tax rates (ETRs) of more than 500 listed Australian companies to mea- sure thegap between accounting profit and taxable income caused by permanent differences. The results show that companies in three industry groupings benefited substantially from concession- al tax treatments ofgold-mining income, dividends and capital gains, and had accounting profit consistently higher than taxable income. After controlling for industry effect, the analyses also identify a size effect: large firms had a wider book-tax income gap than smallfirms. * Department of Commerce, The Australian National University. I have benefited fron the suggestions and comments of Allan Barton, Tin Brailsford, Russell Craig, Ross Cunningham, Peter Jubb, Thomas Porcano, and Ian Wallschutzky. The financial support of the Faculties Research Fund of The Austra- lian National University is gratefully acknowledged.

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