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- Title
CORPORATE ATTRIBUTES AND TAX AGGRESSIVENESS IN NIGERIAN LISTED MANUFACTURING COMPANIES.
- Authors
TEMITAYO, ODUNSI OLUWASEGUN
- Abstract
This study empirically examined the effect of corporate attributes on tax aggressiveness in Nigerian listed manufacturing companies. The expo-facto research design was adopted for this study. Secondary data were collected from annual reports of listed manufacturing companies in Nigeria from 2012 to 2021. The analysis was done using the Ordinary Least Square method to test the hypothesis formulated. The results from the study for the hypothesis stated revealed that, a positive relationship exists between firm size (FIS) and tax aggressiveness. The result is significant at the 0.05 level (p < 0.030) which implies that larger firms in Nigerian listed manufacturing companies tend to exhibit higher levels of tax aggression. This study concluded that corporate attributes have a significant effect on tax aggressiveness of listed manufacturing companies in Nigeria. The study therefore recommended that the Federal Inland Revenue Service (FIRS) should strengthen its tax monitoring and enforcement efforts while also implementing robust auditing processes and conducting regular tax compliance checks to identify and deter aggressive tax planning practices among Nigerian companies. Also, Firms with higher leverage ratios were found to be more likely to engage in aggressive tax planning. Therefore, policymakers should offer targeted support or incentives such as tax credits to such firms to reduce their reliance on aggressive tax strategies.
- Subjects
NIGERIA; TAX planning; INTERNAL revenue; TAX incentives; CORPORATE taxes; TAXPAYER compliance; TAX administration &; procedure; TAX auditing
- Publication
Journal of Academic Research in Economics, 2024, Vol 16, Issue 1, p124
- ISSN
2066-0855
- Publication type
Article