Managers express growing concern over media coverage of corporate taxes, yet no large-sample empirical study examines this phenomenon. As a first step to fill this void, we identify factors associated with the likelihood and negative tone of media tax coverage and examine firms' tax avoidance behavior following media tax coverage. We find the likelihood of media tax coverage is greater for firms with GAAP effective tax rates below the top U.S. statutory rate of 35 percent and for firms with greater visibility. The degree of negative tone is increasing in cash tax avoidance and firm size. We also find evidence of more frequent and more negative tax coverage during economic recessions. We find no evidence that firms reduce their tax avoidance following media coverage. Although our analyses are subject to limitations, our results suggest the media may not have the same influence over corporate tax policy as other external stakeholders. JEL Classifications: H25; H26; H20; M41; G39. Data Availability: Data are available from public sources identified in the paper.

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The effective end-to-end transport of delay-sensitive voice data has long been a problem in multimedia networking. One of the major issues is determining the sending rate of real-time VoIP streams such that the user experience is maximized per unit network resource consumed. A particularly interesting complication that remains to be addressed is that the available bandwidth is often dynamic. Thus, it is unclear whether a marginal increase warrants better user experience. If a user naively tunes the sending rate to the optimum at any given opportunity, the user experience could fluctuate.To investigate the effects of magnitude and frequency of rate changes on user experience, we recruited 127 human participants to systematically score emulated Skype calls with different combinations of rate changes, including varying magnitude and frequency of rate changes. Results show that 1) the rate change frequency affects the user experience on a logarithmic scale, echoing Weber-Fechner's Law [1], 2) the effect of rate change magnitude depends on how users perceive the quality difference, and 3) this study derives a closed-form model of user perception for rate changes for Skype calls.

We examine the effect of pass-through entities embedded in corporate structures on tax avoidance, tax uncertainty, and tax noncompliance using unique, confidential tax return data that link corporations and pass-through entities together through Schedules K-1. We develop measures of the use of pass-through entities such as the number and "connectedness" of pass-throughs within the structure, the presence of loss pass-throughs or asymmetric allocations of such losses, and connections to entities external to the firm. We predict and find that these features are associated with lower effective tax rates, higher current year additions to tax reserves, and larger amounts of proposed IRS audit adjustments, controlling for probability of audit selection. This large-sample evidence could help the IRS understand how pass-throughs affect compliance and financial statements users anticipate the tax effects related to entity structure

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