KARAKTERISTIK TATA KELOLA SEBAGAI STIMULUS MANAJAMEN PAJAK
Abstract
This study aims to examine the characteristics of governance as a stimulus of tax management. The sample of this study is all non-banking and finance companies that included in the Top 50 Publicly Listed Companies - Indonesia based on ASEAN version of Corporate Governance Scorecard and did not experience losses from 2015 – 2016. Based on those predetermined criteria, the study obtained 16 companies as sample of the study. The test results showed that only ETR and previous year Cash ETR had positive effect on tax management. Meanwhile, other variables sucha s coporate governance, the number of directors, the number of independent directors, the remuneration of the executive board and the BTD of the previous year were found to have no effect on tax management. Governance does not affect tax management due to corporate governance in Indonesia is still low so it needs improvement especially protection of shareholders
References
Armstrong, C. S., Blouin, J. L., & Larcker, D. F. 2011. The Incentives for Tax Planning Journal of Accounting and Economics, 53(1), 391-411.
Comprix, J., Mills, L. F., and Schmidt, A. P. 2011. Bias in Quarterly Estimates of Annual Effective Tax Rates and Earnings Management. The Journal of the American Taxation Association, 34(1), 31-53.
Chasbiandani, Tryas dan Dwi Martani. 2012. Pengaruh Tax avoidance Jangka Panjang terhadap Nilai Perusahaan. Simposium Nasional Akuntansi XV. Banjarmasin.
Desai, M. A., & Dharmapala, D. 2006. Corporate tax avoidance and high-powered incentives. Journal of Financial Economics, 79(1), 145-179.
Dyreng, Scott, Michelle Hanlon dan Edward Maydew. 2008. Long run corporate tax avoidance.The Accounting Review.83 (1). 61 – 82.
Dyreng, Scott D.; Hanlon, Michelle; Maydew Edward L. 2010. The Effect of Executives on Corporate Tax Avoidance. The Accounting Review, 85, 1163-1189.
Frank, M. M., Lynch, L.and Rego, S. 2009. Tax reporting aggressiveness and its relation to aggressive financial reporting. The Accounting Review, 84 (2), 467 - 497
Gomes, Antônio Paulo Machado. 2016. Corporate Governance Characteristics as a Stimulus to Tax Management. R. Cont. Fin. – USP, São Paulo, v. 27, n. 71, p. 149-168
Goncharov, I., & Zimmermann, J. 2005. Earnings Management when Incentives Compete: The Role of Tax Accounting in Russia. Retrieved on December 29, 2010, from http://ssrn.com/ abstract=622640
Gupta, S., and Mills, L. F. 2002. Corporate Multistate Tax Planning: Benefits of Multiple Jurisdictions. Journal of Accounting and Economics 33(1), 117-139.
Hanlon, M., and Slemrod, J. 2007. What does tax aggressiveness signal? Evidence from stock price reactions to news about tax aggressiveness. Working paper, University of Michigan. http://ssrn.com/abstract=975252
Jensen, M. C. 2001. Value Maximisation, Stakeholder Theory and the Corporate Objective Function. European Financial Management, 7(3), 297-317
Jensen, M. C., and Meckling, W. H. 2008. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. http://ssrn.com/abstract=94043
La Porta, R., and Vishny, R. 2000. Agency problems and dividend policies around the world. Journal of Finance, 55(1), 1-33.
Maharani, I., dan Suardana, K. A. 2014. Pengaruh Corporate Governance, Profitabilitas, dan Karakteristik Eksekutif pada Tax avoidance Perusahaan Manufaktur. E-Jurnal Akuntansi, 9(2), 525-539.
Mills, L. E and Newberry, K. 2001. The Influence of Tax and Non-Tax Costs on Book-Tax Reporting Differences: Public and Private Firms. Journal of the American Taxation Association, 23(1), 1-19.
Minnick, K., and Noga, T. 2010. Do corporate governance tcharacteristics influence tax management? Journal of Corporate Finance, 16(5), 703-718.
Phillips, J. D. 2003. Corporate Tax-Planning Effectiveness: The Role of Compensation-Based Incentives. The Accounting Review, 78(3), 847-874.
Robinson, J.R., Sikes, S.A., and Weaver, C.D. 2010. The impact of evaluating the tax function as a profit center on effective tax rates. The Accounting Review, 85(3), 1035-1064.
Rego, S. O. 2003. Tax-Avoidance Activities of U.S. Multinational Corporations. Contemporary Accounting Research, 20(4): 805- 833
Rego, S. O., and Wilson, R. 2010. Executive compensation, tax reporting aggressiveness, and future firm performance. Working Paper, University of Iowa. https://tippie.uiowa.edu/accounting/mcgladrey/pdf/rego_wilson. pdf
Sari, E. P., Handajani, L., dan Saiful, A. M. 2016. Corporate Governance dan Relevansi Nilai Dari Penghindaran Pajak: Bukti Empiris Dari Pasar Modal Indonesia. Jurnal Dinamika Akuntansi dan Bisnis, 3(2), 33-48.
Shackelford, D. A., and Shevlin, T. J. 2000. Empirical Tax Research In Accounting. JAE Rochester Conference, April. from http://ssrn.com/abstract=235796.
Tang, T. Y. H. 2005. Book-Tax Differences, a Proxy for Earnings Management and Tax Management - Empirical Evidence from China. http://ssrn.com/ abstract=872389
Tang, T., and Firth, M. 2010. Can Book-Tax Differences Capture Earnings Management and Tax Management? Empirical Evidence from China. The International Journal of Accounting, 46(2), 175204
Yin, G. 2003. How much do large public corporations pay? Estimating the effective tax rates of the S&P 500. Virginia Law Review, 89, 1793-1856.
www.bapepam.go.id
www.Idx.co.id
www.sahamok.com
Comprix, J., Mills, L. F., and Schmidt, A. P. 2011. Bias in Quarterly Estimates of Annual Effective Tax Rates and Earnings Management. The Journal of the American Taxation Association, 34(1), 31-53.
Chasbiandani, Tryas dan Dwi Martani. 2012. Pengaruh Tax avoidance Jangka Panjang terhadap Nilai Perusahaan. Simposium Nasional Akuntansi XV. Banjarmasin.
Desai, M. A., & Dharmapala, D. 2006. Corporate tax avoidance and high-powered incentives. Journal of Financial Economics, 79(1), 145-179.
Dyreng, Scott, Michelle Hanlon dan Edward Maydew. 2008. Long run corporate tax avoidance.The Accounting Review.83 (1). 61 – 82.
Dyreng, Scott D.; Hanlon, Michelle; Maydew Edward L. 2010. The Effect of Executives on Corporate Tax Avoidance. The Accounting Review, 85, 1163-1189.
Frank, M. M., Lynch, L.and Rego, S. 2009. Tax reporting aggressiveness and its relation to aggressive financial reporting. The Accounting Review, 84 (2), 467 - 497
Gomes, Antônio Paulo Machado. 2016. Corporate Governance Characteristics as a Stimulus to Tax Management. R. Cont. Fin. – USP, São Paulo, v. 27, n. 71, p. 149-168
Goncharov, I., & Zimmermann, J. 2005. Earnings Management when Incentives Compete: The Role of Tax Accounting in Russia. Retrieved on December 29, 2010, from http://ssrn.com/ abstract=622640
Gupta, S., and Mills, L. F. 2002. Corporate Multistate Tax Planning: Benefits of Multiple Jurisdictions. Journal of Accounting and Economics 33(1), 117-139.
Hanlon, M., and Slemrod, J. 2007. What does tax aggressiveness signal? Evidence from stock price reactions to news about tax aggressiveness. Working paper, University of Michigan. http://ssrn.com/abstract=975252
Jensen, M. C. 2001. Value Maximisation, Stakeholder Theory and the Corporate Objective Function. European Financial Management, 7(3), 297-317
Jensen, M. C., and Meckling, W. H. 2008. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. http://ssrn.com/abstract=94043
La Porta, R., and Vishny, R. 2000. Agency problems and dividend policies around the world. Journal of Finance, 55(1), 1-33.
Maharani, I., dan Suardana, K. A. 2014. Pengaruh Corporate Governance, Profitabilitas, dan Karakteristik Eksekutif pada Tax avoidance Perusahaan Manufaktur. E-Jurnal Akuntansi, 9(2), 525-539.
Mills, L. E and Newberry, K. 2001. The Influence of Tax and Non-Tax Costs on Book-Tax Reporting Differences: Public and Private Firms. Journal of the American Taxation Association, 23(1), 1-19.
Minnick, K., and Noga, T. 2010. Do corporate governance tcharacteristics influence tax management? Journal of Corporate Finance, 16(5), 703-718.
Phillips, J. D. 2003. Corporate Tax-Planning Effectiveness: The Role of Compensation-Based Incentives. The Accounting Review, 78(3), 847-874.
Robinson, J.R., Sikes, S.A., and Weaver, C.D. 2010. The impact of evaluating the tax function as a profit center on effective tax rates. The Accounting Review, 85(3), 1035-1064.
Rego, S. O. 2003. Tax-Avoidance Activities of U.S. Multinational Corporations. Contemporary Accounting Research, 20(4): 805- 833
Rego, S. O., and Wilson, R. 2010. Executive compensation, tax reporting aggressiveness, and future firm performance. Working Paper, University of Iowa. https://tippie.uiowa.edu/accounting/mcgladrey/pdf/rego_wilson. pdf
Sari, E. P., Handajani, L., dan Saiful, A. M. 2016. Corporate Governance dan Relevansi Nilai Dari Penghindaran Pajak: Bukti Empiris Dari Pasar Modal Indonesia. Jurnal Dinamika Akuntansi dan Bisnis, 3(2), 33-48.
Shackelford, D. A., and Shevlin, T. J. 2000. Empirical Tax Research In Accounting. JAE Rochester Conference, April. from http://ssrn.com/abstract=235796.
Tang, T. Y. H. 2005. Book-Tax Differences, a Proxy for Earnings Management and Tax Management - Empirical Evidence from China. http://ssrn.com/ abstract=872389
Tang, T., and Firth, M. 2010. Can Book-Tax Differences Capture Earnings Management and Tax Management? Empirical Evidence from China. The International Journal of Accounting, 46(2), 175204
Yin, G. 2003. How much do large public corporations pay? Estimating the effective tax rates of the S&P 500. Virginia Law Review, 89, 1793-1856.
www.bapepam.go.id
www.Idx.co.id
www.sahamok.com
Published
2018-10-18
How to Cite
Husnaini, W., Cahyaningtyas, S. R., BS, S. H., Ramadhani, R. S., & Lenap, I. P. (2018). KARAKTERISTIK TATA KELOLA SEBAGAI STIMULUS MANAJAMEN PAJAK. Jurnal Riset Akuntansi Aksioma, 17(1), 072 - 087. https://doi.org/10.29303/aksioma.v17i1.27
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Articles
