An Empirical Investigation of Factors Affecting Corporate Tax Avoidance Strategies for Public Listed Companies in Malaysia PDF Download

Author: Zaimah Zainol Ariffin
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 266

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Author: Zaimah Zainol Ariffin
Publisher:
ISBN:
Category :
Languages : en
Pages : 532

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Author: Cassie Francis Bradley
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 256

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Author: Ibrahim Aramide Salihu
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 540

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Book Description
Although the issue of tax avoidance practices is as old as tax itself, the manners and ways they are being perpetrated in recent times have transmuted so sophisticated among the corporate taxpayers. A report by the Global Financial Integrity in 2011 ascribes sixty to sixty-five percent of the global illicit flow of fund among developing economies to commercial tax non-compliance. Unfortunately the report ranks Malaysia fifth among the developing economies with the most illicit outflow of fund. This study, thus, investigates the determinants of corporate tax avoidance among Malaysian large companies. Specifically, the study investigates relationships of corporate tax avoidance with three forms of corporate ownership (family; foreign and government ownerships) and whether internal and external corporate governance mechanisms could mitigate such relationships. The study is among the very few studies on corporate tax avoidance both in Malaysia and internationally. The empirical data were obtained from the annual reports of the top 200 companies based on market capitalization of Bursa Malaysia over a period of five financial years. The collected data of 600 firm-year observations were analysed using the system Generalised Method of Moment (GMM) estimator. The findings showed that family oriented; foreign related firms and government-linked companies (GLCs) are tax avoidant in the main and interaction effect model estimations. However, the directors on the boards have little impact in mitigating firms' tax avoidance practices given their financial interests in the companies. However, despite this, board independence is found to have interactive negative effect with the forms of ownership in relations to corporate tax avoidance. The quality of external audit was equally documented to reduce the chances of tax avoidance practices. These findings were later subjected to qualitative investigation through face-to-face interview sessions with tax auditors in Inland Revenue Board Malaysia. The findings from the analysis of their responses provided further explanation to the quantitative results. It was concluded that tax avoidance practices are more of cost-benefit consideration rather than the issue of organizational legitimacy. The findings of this study are of relevant importance in the selection of cases for tax audit and investigation by the IRBM.

Author: Jeyapalan Kasipillai
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: Wolfgang Schön
Publisher: Springer Science & Business Media
ISBN: 3540772766
Category : Business & Economics
Languages : en
Pages : 423

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Academic research shows that well-known principal-agent and capital market problems are strongly influenced by tax considerations. Against this background, this volume is the first to present a fully-fledged overview of the interdependence of tax and corporate governance. Not only the basic political, legal and economic questions but also major topics like income measurement, shareholding structures, corporate social responsibility and tax shelter disclosure are covered.

Author: Ms. Giorgia Albertin
Publisher: International Monetary Fund
ISBN: 1513594362
Category : Business & Economics
Languages : en
Pages : 73

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This paper aims to contribute to the international policy debate around profit shifting, tax avoidance and SSA’s revenue mobilization efforts in three ways. First, it examines the importance of mining, the role of multinational enterprises (MNEs), and mining revenue outcomes in SSA. Second, it assesses the magnitude of profit shifting in mining drawing on new macro level research, supplemented by case studies to illustrate the lived experience of tax avoidance in SSA mining. Third, the paper identifies tax policy reforms that could boost revenue mobilization in SSA.

Author: Joel Slemrod
Publisher:
ISBN: 9780472103386
Category : Business & Economics
Languages : en
Pages : 361

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Experts discuss strategies for curtailing tax evasion

Author: OECD
Publisher: OECD Publishing
ISBN: 9264755020
Category :
Languages : en
Pages : 68

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Unlocking what drives tax morale – the intrinsic willingness to pay tax – can greatly assist governments in the design of tax policies and their administration, particularly in developing countries where compliance rates are low. This report builds on previous OECD research to identify some of the key socio-economic and institutional drivers of tax morale across developing countries, and seeks to test for evidence of the social contract by examining the impact of public services on tax morale. It also uses new data on tax certainty as an entry point to explore tax morale in businesses, where existing research is very limited. Finally, the report identifies a range of factors related to the tax system that may affect business decision making, how they vary across regions, and suggests some areas for future research. Overall, the report provides a range of suggestions for further work, and how tax morale considerations can be integrated into holistic tax compliance strategies.

Author: World Bank
Publisher: World Bank Publications
ISBN: 1464814414
Category : Business & Economics
Languages : en
Pages : 241

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Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.