GONZAGA, C. F.; http://lattes.cnpq.br/1931047179847249; GONZAGA, Cardélio Filipe.
Resumen:
The extracted content of the differences between taxable income and accounting income has an important role and relevance with regard the predictability of the future results of the companies. In several countries, the legalist regime of tax authorities imposed by the governments, towards the tax collection, compromises the data evidenced by the companies in their financial statement. In Brazil it is not different, because the disclosure of the accounting data of Brazilian publicly held companies that negotiate in B3 also suffer with the legalistic regime(cod law), interposed by the Brazilian tax authorities. What forces companies to improve their results, to adopt accounting measurement based on what is established by the treasury, thus influencing the reliability of the data reported to the shareholders. From this perspective, a quantitative approach was undertaken with Brazilian publicly held companies that trade in B3. Through a panel data analysis, combining time series with cross-sectional data, the hypothesis was raised that the book-tax differences have informational relevance in the predictability of the future results, applying a linear regression that measured the relation between the BTDs and the results. In view of the above, it is confirmed the previous estimates that BTDs have informational relevance in the predictability of the future results of Brazilian publicly held companies that trade their B3 stock exchanges, indicating that the greater the total difference , future results become less persistent, making them more transient.
