ABSTRACT
This research examines tax sheltering activity in 6 Asian countries. This research shows that tax planning differs depending on countries, in some ways corporations accomplish tax management and significantly change in tax planning activity year by year in 6 Asian countries. This study does not provide an evidence of general trend of tax management activity, but shows economically developed countries has involved in more complex and aggressive corporate tax sheltering activity. However, it is also true that developing countries allow the elements of a financial plan in the most tax-efficient manner possible. This research provides useful information to tax administrators in determining compliance with the tax code, and assists investors in understanding the properties of reported corporate earnings.
Keywords: Tax shelter, Tax avoidance, Book-tax difference
Corporate tax shelters are our number one problem (in enforcing) the tax law, not just because they cost money but because they breed disrespect for the tax system ? Treasury secretary Lawrence Summers, quoted in ?Corporations? Taxes are falling Even as Individuals? Burden Rises,? New York Times, February 20, 2000
