Authors :
Badrus Zaman Syabana; Waluyo
Volume/Issue :
Volume 6 - 2021, Issue 12 - December
Google Scholar :
http://bitly.ws/gu88
Scribd :
https://bit.ly/3HusE5p
Abstract :
This research aimed to analyze the effect of a
tax haven, transfer pricing, environmental uncertainty,
and capital structure on tax sheltering with corporate
governance as a moderating. Measurement of tax
sheltering uses a tax shelter score with seven predictor
models such as: book-tax differences (BTD), discretionary
accruals performance-matched (DAP), leverage, asset size
(Size), profitability (ROA), foreign income (FI), and
research and development expense (R&D). The
population of this study was the multinational companies
not included in the financial service industry sector listed
on the Indonesia Stock Exchange for the period 2016-
2020. The research sample used was eighty-one
companies in the multinational companies excluded in the
financial service industry sector which were selected
based on the purposive sampling method. This study used
panel data regression analysis. The results obtained are
that tax havens, environmental uncertainty, and capital
structure has a positive effect on tax sheltering, while
transfer pricing has a negative effect on tax sheltering.
Corporate governance as a moderator can only have a
positive effect on moderating the effect of tax havens,
environmental uncertainty, and capital structure on tax
sheltering.
Keywords :
Capital Structure, Environmental Uncertainty, Tax Sheltering, Tax Haven, Transfer Pricing
This research aimed to analyze the effect of a
tax haven, transfer pricing, environmental uncertainty,
and capital structure on tax sheltering with corporate
governance as a moderating. Measurement of tax
sheltering uses a tax shelter score with seven predictor
models such as: book-tax differences (BTD), discretionary
accruals performance-matched (DAP), leverage, asset size
(Size), profitability (ROA), foreign income (FI), and
research and development expense (R&D). The
population of this study was the multinational companies
not included in the financial service industry sector listed
on the Indonesia Stock Exchange for the period 2016-
2020. The research sample used was eighty-one
companies in the multinational companies excluded in the
financial service industry sector which were selected
based on the purposive sampling method. This study used
panel data regression analysis. The results obtained are
that tax havens, environmental uncertainty, and capital
structure has a positive effect on tax sheltering, while
transfer pricing has a negative effect on tax sheltering.
Corporate governance as a moderator can only have a
positive effect on moderating the effect of tax havens,
environmental uncertainty, and capital structure on tax
sheltering.
Keywords :
Capital Structure, Environmental Uncertainty, Tax Sheltering, Tax Haven, Transfer Pricing
