Corporate Social Responsibility dan Free Cash Flow pada Tax Avoidance
Abstract
Tax avoidance is the taxpayers effort to reduce tax payments to the government made by taxpayers, especially companies because they do not violate regulations regarding taxation. This study aims to examine the effect of corporate social responsibility and free cash flow on tax avoidance which is proxied by using the cash effective tax rate (CETR). This research was conducted at manufacturing companies listed on the Indonesia Stock Exchange for the 2016-2019 period. The sample used was 68 companies with a total observation sample of 272 in 4 years. The data analysis technique used in this study is multiple linear regression analysis. Based on the results of the study show that corporate social responsibility has no effect on tax avoidance and free cash flow has a positive effect on tax avoidance.
Keywords: Corporate Social Responsibility; Free Cash Flow; Tax Avoidance.
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References
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Merkusiwati, N. K. L. A., & Damayanthi, I. G. A. E. (2019). Pengaruh Pengungkapan CSR, Karakter Eksekutif, Profitabilitas, Dan Investasi Aktiva Tetap Terhadap Penghindaran Pajak. E-Jurnal Akuntansi, 29(2), 833–853. https://doi.org/10.24843/eja.2019.v29.i02.p26
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Ningrum, A. K., Suprapti, E., & Hidayat Anwar, A. S. (2018). Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Tax Avoidance Dengan Gender Sebagai Variabel Moderasi (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2016). Economic, Business, Management and Accounting Journal, 15(01). https://doi.org/10.30651/blc.v15i01.1260
Ogundipe, L. O., Ogundipe, S. E., & Ajao, S. K. (2012). Cash Holding and Firm Characteristics: Evidence From Nigerian Emerging Market. Journal of Business Economics and Finance, 1(2), 45–58.
Payanti, N. M. D., & Jati, I. K. (2020). Pengaruh Pengungkapan Corporate Social Responsibility, Good Corporate Governance dan Sales Growth pada Tax Avoidance. E-Jurnal Akuntansi Udayana, 30(5), 1066–1083.
Rosdini, D. (2009). Pengaruh Free Cash Flow terhadap Dividend Policy. Working Paper in Accounting and Finance, 1–17. https://doi.org/10.1149/1.3581024
Tambunan, D. N., & Septiani. (2017). Pengaruh Penghindaran Pajak Terhadap Cash Holding Perusahaan Dengan Leverage Dan Return on Asset (Roa) Sebagai Variabel Moderasi. 6(4), 1–12.
Budiman, J., & Setiyono. (2012). Pengaruh Karakter Eksekutif terhadap Penghindaran Pajak (Tax Avoidance). Proceeding Simposium Nasional Akuntansi XV Banjaemasin.
Carrol, A. B., & Buchholtz, A. K. (2003). Business & Society Ethics and Stakeholder Management Sixth Edition.
Darmayanti, P. P. B., & Merkusiawati, N. K. L. A. (2019). Pengaruh Ukuran Perusahaan, Profitabilitas, Koneksi Politik dan Pengungkapan Corporate Social Responsibility Pada Tax Avoidance. E-Jurnal Akuntansi, 26(3), 1992–2019. https://doi.org/10.24843/eja.2019.v26.i03.p12
Dewi, N. N. (2020). Pengaruh Corporate Social Responsibility, Ukuran Perusahaan Dan Kepemilikan Institusional Terhadap Penghindaran Pajak ( Studi Empiris pada Perusahan Manufaktur Sub Sektor Makanan dan Minuman yang Listing di BEI pada tahun 2014-2018). Universitas Islam Indonesia.
Dharma, N. B. S., & Noviari, N. (2017). Pengaruh Corporate Social Responsibility Dan Capital Intensity Terhadap Tax Avoidance. E-Jurnal Akuntansi, 18(1), 529–556.
Dowling, J., & Pfeffer, J. (1975). Organizational Legitimacy: Social Values and Organizational Behavior. The Pacific Sociological Review, 18(1), 122–136.
Eisenhardt, K. M. (1989). Agency Theory: An Assessment and Review. In Academy of Management Review (Vol. 14, Nomor 1, hal. 57–74).
Forum Pajak. (2016). IKEA Terjerat Kasus Penghindaran Pajak. Forum Pajak Indonesia. https://forumpajak.org/ikea-terjerat-kasuspenghindaran-pajakIndonesia.
Habib, A. (2008). The role of accruals and cash flows in explaining security returns: Evidence from New Zealand. Journal of International Accounting, Auditing and Taxation, 17(1), 51–66. https://doi.org/10.1016/j.intaccaudtax.2008.01.003
Hanlon, M., & Heitzman, S. (2010). A review of tax research. Journal of Accounting and Economics, 50(2–3), 127–178. https://doi.org/10.1016/j.jacceco.2010.09.002
Hidayati, N., & Fidiana. (2017). Pengaruh Corporate Social Responsibility dan Good Corporate Governance terhadap Pengindaran Pajak. Jurnal Ilmu dan Riset Akuntansi, 6(3), 1053–1070. https://doi.org/10.1016/j.ajic.2016.04.226
Hidayati, N. N., & Murni, S. (2009). Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Earningss Response Coefficient Pada Perusahaan High Profile. Jurnal Bisnis dan Akuntansi, 11(1), 1 – 18.
Hoi, C. K., Wu, Q., & Zhang, H. (2013). Is Corporate Social Responsibility (CSR) Associated with Tax Avoidance? Evidence from Irresponsible CSR Activities. Journal of International Accounting Research. https://doi.org/10.2308/accr-50982
Hoque M, K. (2017). International Tax Avoidance and Tax Havens. Journal International of Cost and Management, 45(1), 63–67.
Jensen, M. C., & Meckling, W. H. (1976). Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership Structure. Journal of Financial Economics 3, 305–360. https://doi.org/10.1177/0018726718812602
Khuong, N. V., Thai Ha, N. T., Hoang Minh, M. T., & Thu, P. A. (2019). Does corporate tax avoidance explain cash holdings? The case of Vietnam. Economics and Sociology, 12(2), 79–93. https://doi.org/10.14254/2071-789X.2019/12-2/5
Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2012). Akuntansi Intermediate, Edisi 12 Jilid 1. In Jakarta: Erlangga.
Kim, J. B., Li, Y., & Zhang, L. (2011). Corporate tax avoidance and stock price crash risk: Firm-level analysis. Journal of Financial Economics, 100(3), 639–662. https://doi.org/10.1016/j.jfineco.2010.07.007
Kim, J. H., & Im, C. C. (2017). The study on the effect and determinants of small-and medium-sized entities conducting tax avoidance. Journal of Applied Business Research, 33(2), 375–390. https://doi.org/10.19030/jabr.v33i2.9911
Kurniawan, M. I., & Nuryanah, S. (2017). The effect of corporate tax avoidance on the level of corporate cash holdings: Evidence from indonesian public listed companies. Australasian Accounting, Business and Finance Journal, 11(4), 38–52. https://doi.org/10.14453/aabfj.v11i4.4
Landolf. (2006). Tax and Corporate Responsibility. International Tax review.
Lanis, R., & Richardson, G. (2011). The effect of board of director composition on corporate tax aggressiveness. Journal of Accounting and Public Policy, 30(2011), 50–70. https://doi.org/10.1016/j.jaccpubpol.2010.09.003
Lanis, R., & Richardson, G. (2013). Corporate social responsibility and tax aggressiveness: A test of legitimacy theory. Accounting, Auditing and Accountability Journal, 26(1), 75–100. https://doi.org/10.1108/09513571311285621
Lestari, G. A. W., & Putri, I. G. A. M. A. D. (2017). Pengaruh Corporate Governance, Koneksi Politik, Dan Leverage Terhadap Penghindaran Pajak. E-Jurnal Akuntansi, 18(3), 2028–2054.
Lidya, K., & Efendi, D. (2019). Pengaruh perencanaan pajak, kepemilikan manajerial dan free cash flow terhadap nilai perusahaan. Jurnal Ilmu dan Riset Akuntansi, 8(7), 1–16.
Merkusiwati, N. K. L. A., & Damayanthi, I. G. A. E. (2019). Pengaruh Pengungkapan CSR, Karakter Eksekutif, Profitabilitas, Dan Investasi Aktiva Tetap Terhadap Penghindaran Pajak. E-Jurnal Akuntansi, 29(2), 833–853. https://doi.org/10.24843/eja.2019.v29.i02.p26
Nariastiti, N. W., & Ratnadi, N. M. D. (2014). Pengaruh Asimetri Informasi, Corporate Governance Dan Ukuran Perusahaan Pada Manajemen Laba. E-Jurnal Akuntansi, 9(3), 717–727.
Ningrum, A. K., Suprapti, E., & Hidayat Anwar, A. S. (2018). Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Tax Avoidance Dengan Gender Sebagai Variabel Moderasi (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2016). Economic, Business, Management and Accounting Journal, 15(01). https://doi.org/10.30651/blc.v15i01.1260
Ogundipe, L. O., Ogundipe, S. E., & Ajao, S. K. (2012). Cash Holding and Firm Characteristics: Evidence From Nigerian Emerging Market. Journal of Business Economics and Finance, 1(2), 45–58.
Payanti, N. M. D., & Jati, I. K. (2020). Pengaruh Pengungkapan Corporate Social Responsibility, Good Corporate Governance dan Sales Growth pada Tax Avoidance. E-Jurnal Akuntansi Udayana, 30(5), 1066–1083.
Rosdini, D. (2009). Pengaruh Free Cash Flow terhadap Dividend Policy. Working Paper in Accounting and Finance, 1–17. https://doi.org/10.1149/1.3581024
Tambunan, D. N., & Septiani. (2017). Pengaruh Penghindaran Pajak Terhadap Cash Holding Perusahaan Dengan Leverage Dan Return on Asset (Roa) Sebagai Variabel Moderasi. 6(4), 1–12.
Published
2021-05-25
How to Cite
DEWI, Ni Putu Sintia Sukma; PUTRI, I Gusti Ayu Made Asri Dwija.
Corporate Social Responsibility dan Free Cash Flow pada Tax Avoidance.
E-Jurnal Akuntansi, [S.l.], v. 31, n. 5, p. 1069-1081, may 2021.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/65344>. Date accessed: 19 apr. 2024.
doi: https://doi.org/10.24843/EJA.2021.v31.i05.p01.
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