The Effect Of Good Corporate Governance And Financial Ratios On Tax Avoidance
Abstract
Tax avoidance is a practice carried out by companies to reduce tax obligations by utilizing the shortcomings of tax policy. The study goals to ascertain good corporate governance and financial ratios effect towards tax avoidance behavior in insurance companies listed on the Indonesia Stock Exchange from 2020-2023. The research method used by researchers is quantitative method. The population of the study consisted of 18 companies. Sample collection using purposive sampling method, the sample of the study consisted of 12 samples of annual reports with time span of 2019-2023 and total of 60 annual report samples. Research analysis tools, using Stata-17 with data analysis techniques using panel data regression analysis. The results showed that Good Corporate Governance proxied by board of directors showed negative effect on tax avoidance. While institutional ownership, independent commissioners and financial ratio proxied by profitability, leverage, capital intensity sales growth have no effect on tax avoidance.
Keywords: Good Corporate Governance, Financial Ratio, Tax Avoidance.
Full Text:
PDFReferences
Afrika, R. (2021). Kepemilikan Institusional Terhadap Penghindaran Pajak. Balance : Jurnal Akuntansi Dan Bisnis, 6(2), 132. https://doi.org/10.32502/jab.v6i2.3968
Amaliyah, F., & Herwiyanti, E. (2019). PENGARUH KEPEMILIKAN INSTITUSIONAL, DEWAN KOMISARIS INDEPENDEN, DAN KOMITE AUDIT TERHADAP NILAI PERUSAHAAN SEKTOR PERTAMBANGAN. Jurnal
Akuntansi, 9(3), 187–200. https://doi.org/https://doi.org/10.33369/j.akuntansi.9.3.187-200
Andari, D., Firmansyah, B., Alfi, F. M., Ardianti, F., Chandra, G., & Wilopo, H. A. (2022). Influence of Good Corporate Governance on Tax Avoidance (Case Study: Real Estate Sector Companies Listed on the Indonesia Stock Exchange 2017-2020). Journal of Positive School Psychology, 2022(5), 5772–5780. http://journalppw.com
Cahyarani, A., & Martias, D. (2024). Effect of Institutional Ownership , Managerial Ownership , Profitability
, Company Size and Tax Avoidance on Cost of Debt. 2(1), 110–121. https://doi.org/10.5281/zenodo.10886954
Cobham, A., Sol, D. C., Delves, R., Engel, J., Etter-phoya, R., Green, R., Fowler, N., Harari, M., Hofman, L.,
Holland, L., Jones, S., Kopeček, M., Knobel, A., Lorenzo, F., Linge, I., Mager, F., Meinzer, M., Michel, B., & Millán, L. (2023). State of Tax Justice.
Firmansyah, A., Arham, A., Qadri, R. A., Wibowo, P., Irawan, F., Kustiani, N. A., Wijaya, S., Andriani, A. F., Arfiansyah, Z., Kurniawati, L., Mabrur, A., Dinarjito, A., Kusumawati, R., & Mahrus, M. L. (2022). Political connections, investment opportunity sets, tax avoidance: does corporate social responsibility disclosure in Indonesia have a role? Heliyon, 8(8), e10155. https://doi.org/10.1016/J.HELIYON.2022.E10155
Fitria, G., & Taufik, A. (2020). Tax Avoidance Level: Executive Characteristic, Independent Commissioner and Profitability in Indonesia Manufacture Company. 3. https://doi.org/10.4108/eai.26-3- 2019.2290694
Hani, S., & Lestari, V. (2023). The Influence of Good Corporate Governance on Tax Avoidance. Internasional Journal Reglement and Society, 4(3), 238–247.
Hardana, A., & Hasibuan, A. N. (2023). The Impact of Probability, Transfer Pricing, and Capital Intensity on Tax Avoidance When Listed Companies in the Property and Real Estate Sub Sectors on the Indonesia Stock Exchange. International Journal of Islamic Economics, 5(01), 67. https://doi.org/10.32332/ijie.v5i01.6991
Hasna, F., Zulaihati, S., & Sumiati, A. (2023). The Effect of Capital Intensity Ratio and Sales Growth to Tax Avoidance with Independent Commissioners as Moderating Variable (Empirical Study on Consumer Goods Industry Companies on the Indonesia Stock Exchange in 2021-2022). Nexus Synergy: A Business Perspective, 1(1), 72–83. http://firstcierapublisher.com
Hudha, B., & Utomo, D. C. (2021). Pengaruh Ukuran Dewan Direksi, Komisaris Independen, Keragaman Gender, dan Kompensasi Eksekutif Terhadap Penghindaran Pajak (Studi Empiris pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia 2017-2019). Diponegoro Journal of Accounting, 10(2018), 2337–3806.
Jensen, M., & Meckling, W. (2012). Theory of the firm: Managerial behavior, agency costs, and ownership structure. The Economic Nature of the Firm: A Reader, Third Edition, 283–303. https://doi.org/10.1017/CBO9780511817410.023
Kartika, S. E., Puspitasari, W., & Khoriah, D. M. (2023). Pengaruh Profitabilitas, Ukuran Perusahaan, Dan Analisa Good Corporate Governance Terhadap Tax Avoidance. Jurnal Mutiara Ilmu Akuntansi (JUMIA), Vol.1, No.(2), 86–104. https://ejurnal.stie- trianandra.ac.id/index.php/jumia/article/view/1142/936
Kurniawati, F., & Prasetyo, T. U. (2023). Effects of Profitability, Leverage, and Firm Size on Tax Avoidance of F&B Companies Listed on IDX. Cakrawala Bisnis, 4(1), 11–20.
Kwak, sang gyu, & Kim, J. H. (2017). Central limit theorem: the cornerstone of modern statistics. Korean Journal of Anesthesiology. https://doi.org/https://doi.org/10.4097/kjae.2017.70.2.144
Lestari, H. T., & Ovami, D. C. (2020). Pengaruh Corporate Governance Terhadap Tax Avoidance Pada Perusahaan Asuransi di Indonesia. Journal of Trends Economics and Accounting Research, 1(1), 1–6. https://journal.fkpt.org/index.php/jtear/article/view/50
Madjid, S., & Akbar, N. M. (2023). Pengaruh Transfer Pricing, Capital Intensity, dan Inventory Intensity terhadap Tax Avoidance (Studi pada Perusahaan BUMN yang terdaftar di BEI Periode 2017-2021). Jurnal Pendidikan Tambusai, 7(1), 2966–2979.
Madura, J. (2007). Introduction to business (W. C. Jack (ed.); 4e ed., Issue september 2016). Thomson South-Western.
Mkadmi, J. E., & Ali, W. Ben. (2024). Bagaimana penghindaran pajak mempengaruhi tanggung jawab sosial perusahaan dan rasio keuangan di negara-negara berkembang? Jurnal Kriminologi Ekonomi, 5. https://doi.org/doi.org/10.1016/j.jeconc.2024.100070
MO, P. L. L. (2003). Tax Avoidance and Anti-Avoidance Measures in Major Developing Economies (Issue september 2016). Greenwood Publishing Group, Inc.
Nanditama, T. A., & Ardiyanto, M. D. (2021). Pengaruh Good Corporate Governance Terhadap Tax Avoidance. Jurnal Ekonomi Perjuangan, 10(4), 1–14. https://doi.org/10.36423/jumper.v4i1.961
PAMUKTI, D. R. (2023). PENGARUH TATA KELOLA PERUSAHAAN DAN UKURAN PERUSAHAAN TERHADAP PENGHINDARAN PAJAK PADA PERBANKAN DI INDONESIA. Jenderal Soedirman.
Prambudi, A., & Asalam, A. G. (2021). Pengaruh Transfer Pricing , Capital Intensity Dan Profitabilitas Terhadap Tax Avoidance ( Studi kasus Perusahaan Sub Sektor Otomotif yang terdaftar di BEI tahun 2013-2019). E-Proceeding of Management, 8(5), 5495–5502.
Prasetyo, A., & Wulandari, S. (2021). Capital Intensity, Leverage, Return on Asset, dan Ukuran Perusahaan Terhadap Agresivitas Pajak. Jurnal Akuntansi, 13, 134–147. https://doi.org/10.28932/jam.v13i1.3519
Purwanti, R., & Jaya, H. (2020). Factors Affecting Tax Avoidance in Property and Real Estate Companies.
Jurnal Akuntansi, 14(2), 9–15.
Putri, I. K. (2023). the Effect of Profitability, Leverage, Company Size, and Sales Growth on Tax Avoidance of Retail Companies Listed on the Idx. International Research of Multidisciplinary Analysis IRMA JOURNAL, 1(2), 121–240. https://doi.org/10.57254/irma.v1i2.27
Putri, S. S., Elwisam, E., & Digdowiseiso, K. (2023). The Effect Of Profitability, Liquidity, Leverage, Capital Intensity, And Company Size On Tax Avoidance. Jurnal Syntax Admiration, 4(4), 644–655. https://doi.org/10.46799/jsa.v4i4.864
Risani, S., & Purwantini, A. H. (2022). Pengaruh Good Corporate Governance Terhadap Tax Avoidance [Studi Pada Perusahaan Manufaktur Yang Terdaftar di BEI Periode 2016-2020]. University Research Colloquium, 1–13.
Safitri, N., & Damayanti, T. W. (2021). Sales Growth dan Tax Avoidance dengan Kepemilikan Institusional Sebagai Variabel Pemoderasi. Perspektif Akuntansi, 4(2), 175–216. https://doi.org/10.24246/persi.v4i2.p175-216
Sari, D. M., & Wulandari, P. P. (2021). Sari & Wulandari. Jurnal Akuntansi , 22(1), 1–18.
SHOLEH, B. (2019). PENGARUH LITERASI KEUANGAN TERHADAP PERILAKU KEUANGAN MAHASISWA PROGRAM STUDI PENDIDIKAN EKONOMI UNIVERSITAS PAMULANG. Pekobis : Jurnal Pendidikan,
Ekonomi, Dan Bisnis, 4(2). https://doi.org/10.32493/pekobis.v4i2.p57-67.4306
Sholeha, Y. M. A. (2019). PENGARUH CAPITAL INTENSITY, PROFITABILITAS, DAN SALES GROWTH TERHADAP TAX AVOIDANCE. Jurnal Akuntansi AKUNESA, 7(2).
Sitanggang, T., & Leusiana, S. (2023). The effect of profitability and capital intensity on tax avoidance.
Eximia, 11, 78–87. https://doi.org/10.47577/eximia.v11i1.282
Soebagyo, M. A. W., & Iskandar, I. (2022). Pengaruh kepemilikan institusional, kepemilikan manajerial, profitabilitas, dan ukuran perusahaan terhadap cost of debt. Kinerja, 19(2), 345–355. https://doi.org/10.30872/jkin.v19i2.11686
Song, Q., Ding, W., Wng, Q., & Hasan, I. (2024). Banker Directors on Board and Corporate Tax Avoidance.
Paper of SRRN, 46. https://doi.org/http://dx.doi.org/10.2139/ssrn.4834353
Utami, L. D., & Pramiana, O. (2024). The Effect of Tax Avoidance on Cost of Debt with Institutional Ownership as a Moderating Variable (Empirical Study of Energy Sector Companies Listed on The IDX 2020-2022). International Journal of Pertapsi, 2(1), 1–8. https://doi.org/10.9744/ijp.2.1.1-8
Wiratama, Y. R., & Kurniawan, B. (2023). The Influence Of Return On Assets, Leverage, Capital Intensity, And Corporate Governance Towards Tax Avoidance. In Proceeding International Conference on Entrepreneurship (IConEnt), 2, 124–130. https://ojs.uph.edu/index.php/IConEnt/article/view/6190
Wulandari, M. (2023). Akuntansi Aset Tetap dan Pengaruhnya Dalam Perpajakan-Perpajakan. https://www.pajakku.com/read/71581755-8039-45f2-bbd5-612287ecaa47/Akuntansi-Aset-Tetap- dan-Pengaruhnya-Dalam-Perpajakan
Wulandari, T. A. (2019). Pengaruh Corporate Governance terhadap Tax Avoidance pada Perusahaan Sektor Properti, Real Estate, dan Konstruksi di Bursa Efek Indonesia. Rogram Studi Akuntansi, Fakultas Ekonomi, Universitas Muhammadiyah Jember. http://repository.unmuhjember.ac.id/6090/10/JURNAL.pdf
Refbacks
- There are currently no refbacks.