This study examines the association between internal information quality and state tax planning. Prior literature documents a positive association between internal information quality and summary measures of tax avoidance. However, we know little about specific forms of tax planning and internal information quality. State tax planning is difficult because of the number of jurisdictions, variety of tax rules, variation of enforcement, and apportionment requirements. We find that internal information quality facilitates state tax planning and is most important when firms face more restrictive state tax laws and when domestic firms relative to multinational firms have international income shifting opportunities. Our results provide a baseline of the economic effects of internal information quality on different forms of tax planning. Understanding internal information quality's role in state tax planning is especially relevant as countries propose to modify international tax rules to mirror the state taxation format of a single-entity system with apportionment.

中文翻译：

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内部信息质量和州税收筹划*

本研究考察了内部信息质量与州税收筹划之间的关系。先前的文献记录了内部信息质量与避税汇总措施之间的正相关关系。然而，我们对税收筹划的具体形式和内部信息质量知之甚少。由于司法管辖区的数量、税收规则的多样性、执行情况和分摊要求的变化，国家税收规划很困难。我们发现，内部信息质量有助于州税收规划，并且当公司面临更严格的州税法以及国内公司相对于跨国公司具有国际收入转移机会时最为重要。我们的结果提供了内部信息质量对不同形式的税收筹划的经济影响的基线。