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Military Experience and Corporate Tax Avoidance
Military Experience and Corporate Tax Avoidance
Leading with Honor
Key Takeaways:
Managers with military experience pay more in taxes.
They use less aggressive tax planning strategies.
This results in less tax avoidance and also reductions in other gray areas in corporate reporting.
Personal characteristics can be considered as a control mechanism for employee selection.
Firms with veteran CEOs avoid less tax than firms without the CEOs.
Veteran CEOs are shrinking in the executive labor markets.