Tax Havens, Foreign Ownership, and Transfer Pricing: The Moderating Role of Good Corporate Governance
Abstract
This study investigates the influence of tax havens and foreign ownership on transfer pricing decisions, with a focus on the moderating role of good corporate governance. The research sample consists of manufacturing companies in the consumer goods sector listed on the Indonesia Stock Exchange (IDX) during the 2019–2022 period. The purposive sampling method was employed, resulting in a sample size of 27 companies, or 108 observations. Data analysis was conducted using Moderated Regression Analysis (MRA). The findings reveal that both tax havens and foreign ownership positively influence transfer pricing decisions. Additionally, good corporate governance moderates the relationship between tax havens and transfer pricing decisions, but it does not moderate the relationship between foreign ownership and transfer pricing decisions. This study contributes to the academic discourse on international tax policies and transfer pricing regulations. It also advances contemporary management accounting theory by providing insights into the interplay between tax strategies, ownership structures, and corporate governance mechanisms in influencing transfer pricing decisions.
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References
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Putri, N. P. W. A., Putri, I. G. A. M. A. D., Budiartha, I. K., & Gayatri, G. (2022). Moderasi Good Corporate Governance terhadap Pengaruh Pajak dan Mekanisme Bonus pada Transfer Pricing di Indonesia. E-Jurnal Akuntansi, 32(6), 1440. https://doi.org/10.24843/eja.2022.v32.i06.p04
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Supriyati, S., Murdiawti, D., & Pranetha Prananjaya, K. (2021). Determinants of Transfer Pricing Decision at Manufacturing Companies of Indonesia. International Journal of Research in Business and Social Science (2147- 4478), 10(3), 289–302. https://doi.org/10.20525/ijrbs.v10i3.1118
Syahputri, A., & Rachmawati, N. A. (2021). Pengaruh Tax Haven Dan Debt Covenant Terhadap Keputusan Perusahaan Melakukan Transfer Pricing Dengan Kepemilikan Institusional Sebagai Variabel Moderasi. Journal of Applied Managerial Accounting, 5(1), 60–74.
Wahyudi, D. E., T, S., & Rusydi, M. K. (2021). Determinants of Transfer Pricing Aggressiveness with the Moderation of Corporate Governance in Indonesia and Malaysia. Journal of Economics, Business, & Accountancy Ventura, 24(1), 23. https://doi.org/10.14414/jebav.v24i1.2536
Azis, S. N., Mide, N. Z., Isyat, A. M. R., & Langi, G. T. (2023). Financial and Non-Financial Factors in Transfer Pricing Decisions. Proceedings of the International Conference on Applied Science and Technology on Social Science 2023 (ICAST-SS 2023), 2023, 732–740. https://doi.org/10.2991/978-2-38476-202-6_100
Bhudiyanti, K., & Suryarini, T. (2022). Pengaruh Tax Haven, Foreign Ownership, dan Intangible Assets terhadap Keputusan Transfer Pricing. Nominal Barometer Riset Akuntansi Dan Manajemen, 11(2), 272–273. https://doi.org/10.21831/nominal.v11i2.51444
Bortolotti, R. (2018). Handbook of Statistical Analysis and Data Mining Applications (Second Edition). Elsevier Inc. https://doi.org/https://doi.org/10.1016/B978-0-12-416632-5.00033-5
Devi, N. P. A. L. K., & Noviari, N. (2022). Pengaruh Pajak dan Pemanfaatan Tax Haven pada Transfer Pricing. 1175–1188.
DJP. (2022). Laporan Kinerja DJP 2022. In Kementerian Keuangan Republik Indonesia Direktorat Jendral Pajak. https://www.pajak.go.id/sites/default/files/2019-04/LAKIN DJP 2016.pdf
Evi, T., Septo, I., & Sasongko, F. (2023). Analysis of Factors Influencing Transfer Pricing. Journal of Accounting Science, 7(2), 183–200. https://doi.org/10.21070/jas.v7i2.1702
Gracia, J., & Sandra, A. (2022). Pengaruh Pajak Penghasilan Badan, Ukuran Perusahaan, Tax Heaven Country , dan Kualitas Audit terhadap Agresivitas Transfer Pricing. 10(1), 56–68.
Hadmoko, F. T., & Irawan, F. (2022). Determinants of Transfer Pricing Aggressiveness and the Mediation Role of Tax Burdens: Evidence from Indonesia. JEMA: Jurnal Ilmiah Bidang Akuntansi Dan Manajemen, 19(1), 41–59. https://doi.org/10.31106/jema.v19i1.13901
Hasibuan, N. A., Harisman, & Samad, A. W. (2022). Pengaruh Pajak , Tingkat Kepemilikan Asing , Rencana Transfer. Jurnal AKuntansi Keuangan Pajak, Dan Informasi (JAKPI), Volume. 2, No. 1, Juni 2022, 91-103, 2(1), 91–103.
Irawan, F., & Ulinnuha, I. A. (2022). Transfer Pricing Aggressiveness in Indonesia: Multinationality, Tax Haven, and Intangible Assets. Jurnal Dinamika Akuntansi Dan Bisnis, 9(1), 1–18. https://doi.org/10.24815/jdab.v9i1.23217
Kamalia, B. D., & Ratnawati, J. (2024). Indikasi Transfer Pricing pada Perusahaan Sektor Barang Konsumsi di BEI Tahun 2019-2022. JUARA: Jurnal Riset Akuntansi, 14(1), 134-153.
Khoirunisa, Y., & Wahyudin, A. (2022). Analisis Pengaruh Thin Capitalization, Debt Covenant, dan Tunneling Incentive terhadap Transfer Pricing dengan Komite Audit sebagai Variabel Moderating. Permana : Jurnal Perpajakan, Manajemen, dan Akuntansi, 14(2), 215–230. https://doi.org/10.24905/permana.v14i2.218
Nazir, N., & Sanjiwi. (2023). Pengaruh Pajak, Tax Haven, dan Foreign Ownership terhadap Keputusan Perusahaan Melakukan Transfer Pricing. Edunomika, 7(2), 1–16.
Nehayati, N., Pamungkas, I. D., Ratnawati, J., & Durya, N. P. M. A. (2023). Analisis Pengaruh Minimasi Pajak Dan Mekanisme Bonus Terhadap Transfer Pricing Dengan Komite Audit Sebagai Variabel Pemoderasi. JAKA: Jurnal Akuntansi, Keuangan Dan Auditing, 4(2), 377–394. https://publikasi.dinus.ac.id/index.php/jaka
OECD. (2021a). OECD releases new mutual agreement procedure statistics and country awards on the resolution of international tax disputes. https://www.oecd.org/en/about/news/announcements/2022/11/oecd-releases-new-mutual-agreement-procedure-statistics-and-country-awards-on-the-resolution-of-international-tax-disputes.html#:~:text=Outcomes remain generally positive.,compared to 3%25 in 2020.
OECD. (2021b). Revenue Statistics in Asia and the Pacific. OECD. https://doi.org/10.1787/ed374457-en
Pangaribuan, R. J. (2021). Pengaruh Pajak , Size , Debt Covenant , dan Kepemilikan Asing terhadap Transfer Pricing pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Tahun 2017-2020. SINTAMA : Jurnal Sistem Informasi , Akuntansi Dan Manajemen, 1(1), 1–16.
Pradipta, R., & Geraldina, I. (2021). Pengaruh Corporate Governance , Mekanisme Bonus dan Tunneling Incentives terhadap Transfer Pricing Perusahaan Manufaktur Multinasional yang Terdaftar Dalam Bursa Efek Indonesia ( BEI ) Periode 2013-2018. Jurnal Keuangan Dan Perbankan, 17(2), 61–72.
Prananda, R. ’Aisy, & Triyanto, D. N. (2020). Pengaruh Beban Pajak, Mekanisme Bonus, Exchange Rate, Dan Kepemilikan Asing Terhadap Indikasi Melakukan Transfer Pricing. Nominal: Barometer Riset Akuntansi Dan Manajemen, 9(2), 33–47. https://doi.org/10.21831/nominal.v9i2.30914
Purba, F. D. I., Surya Abbas, D., & Hidayat, I. (2024). Pengaruh Ukuran Perusahaan, Mekanisme Bonus dan Kepemilikan Asing Terhadap Transfer Pricing. Jurnal Ilmu Bisnis, Ekonomi, Manajemen, Dan Akuntansi, 1(3), 187–196.
Putri Devi, A., & Simanjuntak, M. (2023). Pengaruh Tunneling Incentive, Bonus Mechanism Dan Debt Covenant Terhadap Keputusan Transfer Pricing. Jurnal Akuntansi dan Sistem Informasi, 4(1), 100–111.
Putri, M. A. N. (2023). The Effect of Foreign Ownership, Audit Quality, and Effective Tax Rate on Transfer Pricing. COSTING:Journal of Economic, Business and Accounting, 6(2), 2497–2510.
Putri, N. P. W. A., Putri, I. G. A. M. A. D., Budiartha, I. K., & Gayatri, G. (2022). Moderasi Good Corporate Governance terhadap Pengaruh Pajak dan Mekanisme Bonus pada Transfer Pricing di Indonesia. E-Jurnal Akuntansi, 32(6), 1440. https://doi.org/10.24843/eja.2022.v32.i06.p04
Schuster, P. (2015). Transfer Prices and Management Accounting (1st ed.). Springer Cham. https://doi.org/https://doi.org/10.1007/978-3-319-14750-5
Supriyati, S., Murdiawti, D., & Pranetha Prananjaya, K. (2021). Determinants of Transfer Pricing Decision at Manufacturing Companies of Indonesia. International Journal of Research in Business and Social Science (2147- 4478), 10(3), 289–302. https://doi.org/10.20525/ijrbs.v10i3.1118
Syahputri, A., & Rachmawati, N. A. (2021). Pengaruh Tax Haven Dan Debt Covenant Terhadap Keputusan Perusahaan Melakukan Transfer Pricing Dengan Kepemilikan Institusional Sebagai Variabel Moderasi. Journal of Applied Managerial Accounting, 5(1), 60–74.
Wahyudi, D. E., T, S., & Rusydi, M. K. (2021). Determinants of Transfer Pricing Aggressiveness with the Moderation of Corporate Governance in Indonesia and Malaysia. Journal of Economics, Business, & Accountancy Ventura, 24(1), 23. https://doi.org/10.14414/jebav.v24i1.2536
Published
2024-10-30
How to Cite
AZIS, Siti Nafisah.
Tax Havens, Foreign Ownership, and Transfer Pricing: The Moderating Role of Good Corporate Governance.
E-Jurnal Akuntansi, [S.l.], v. 34, n. 11, oct. 2024.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/116132>. Date accessed: 09 jan. 2025.
doi: https://doi.org/10.24843/EJA.2024.v34.i11.p09.
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