JULY 19, 2012
Firms with Politically Conservative Bosses Pay More Tax
U.S. companies with Republican-leaning top executives pay an average of $12 million, or about 2.2%, more tax annually than companies led by Democrats, according to research led by Dane Christensen of the University of Arizona and scheduled for presentation to the American Accounting Association. A conservative mind-set in the C-suite may discourage companies from pursuing risky or questionable strategies for avoiding taxes and thus may result in higher tax expenditures, the researchers suggest. Republican-leaning top executives outnumber their Democrat-leaning peers by about two to one.
Source: Conservative management trumps political ideology, as companies headed by Republicans pay more tax than those led by Democrats
[From Harvard Business Review's Daily Stat]
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