The Effect of Profitability, Sales Growth, and Good Corporate Governance on Tax Avoidance (Empirical Study on Banking Companies Listed on the Indonesia Stock Exchange in 2018-2021)
Pengaruh Profitabilitas, Pertumbuhan Penjualan, dan Tata Kelola Perusahaan yang Baik terhadap Penghindaran Pajak (Studi Empiris pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Tahun 2018-2021)
Keywords:
Tax Avoidance, Profitability, Sales Growth, Good Corporate Governance, LeverageAbstract
Purpose: This study aims to analyze the effect of profitability, sales growth, institutional ownership, and independent board of commissioners on tax avoidance in banking companies listed on the Indonesia Stock Exchange (IDX) during 2018–2021. Furthermore, it examines whether leverage functions as an intervening variable in these relationships.
Methodology: The research applies a quantitative approach with a descriptive-verificative method. Secondary data were obtained from the financial statements of banking companies listed on the IDX in 2018–2021, selected through purposive sampling. Data were analyzed using descriptive statistics, classical assumption tests, multiple linear regression, and mediation testing with SPSS.
Findings: The results show that simultaneously, profitability, sales growth, institutional ownership, and independent board of commissioners significantly influence tax avoidance. However, partial tests indicate that none of these variables have a significant effect when examined individually. Leverage also does not mediate the relationship between any of the independent variables and tax avoidance.
Conclusion: The findings suggest that tax avoidance in the banking sector is influenced more collectively by firm characteristics and governance variables rather than by individual factors. The mediating role of leverage is not significant, indicating its limited explanatory power.
Implication: This study highlights the importance of collective governance oversight in minimizing tax avoidance. For investors, tax avoidance can be considered as a proxy for governance quality in banking firms. For regulators, especially the Directorate General of Taxes, enhanced supervision in the banking sector is recommended. Future studies should expand the analysis by including additional variables such as audit committees or corporate social responsibility to provide a more comprehensive understanding.
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