Tax Management Research Articles

Summaries of Papers In This Issue

Summaries of Papers In This Issue

Tax management in the conditions of the crisis

The article is devoted to the study of the problems of state tax management in the Republic of Kazakhstan.The initial condition is the absence of uniform methodological and methodical approachesto the formation and organization of tax management, including in conditions of extreme economicinstability. The main research methods used were: analysis and synthesis, systemic and institutional approaches,methods of induction and deduction, the method of designing hypotheses. The directions ofmodernization of the tax regulation system, the impact of mechanisms, methods and tools of tax managementon various segments of the national economy, primarily on the industries that ensure economicgrowth, have been investigated. In order to improve the efficiency of fiscal regulation, a scenario modelingis proposed, which makes it possible to assess the effect of the implementation of various situationson fiscal revenues and key macroeconomic indicators. The result of the study is the development ofdirections, measures of economic, administrative, financial, political development of the modern levelof tax management based on the analysis of the current state of the national tax system, scenario modeling,as well as the empirical design of the strategic SWOT analysis matrix. The theoretical and practicalsignificance of the study lies in substantiating the need for adaptive tax regulation and tax managementin order to ensure sustainable growth of the national economy.Key words: tax regulation, crisis, tax system, sustainable economic growth, scenario modeling.

ФІЛОСОФСЬКО-МЕТОДОЛОГІЧНІ ОСНОВИ ПОДАТКОВОГО МЕНЕДЖМЕНТУ: МІЖДИСЦИПЛІНАРНИЙ АСПЕКТ ДОСЛІДЖЕННЯ

The article is devoted to the issue of creating an interdisciplinary platform for the development of tax management methodology with the aim of harmonizing internal and external tax relations. It is shown that the theory of tax management is currently based on the conceptual foundations of monodisciplinary research methods, the limits of which do not allow to separate the problems of internal and external harmonization of national tax relations and to use the research potential of other fields of knowledge to solve them. The necessity of combining the research capabilities of socio-cultural, economic-psychological, behavioral, institutional-legal interdisciplinary approaches and the importance of creating an interdisciplinary platform for studying and modeling national tax relations and the relevant mechanisms for their implementation are emphasized. It was concluded that the combined scientific potential of interdisciplinary approaches will allow to develop measures to harmonize not only their tax, but also budgetary, economic, production, etc. relations of all institutionally-personified subjects of the national economy

THE CURRENT STATE OF TAX CONTROL OVER TRANSFER PRICING IN UKRAINE

The purpose of the article is to summarize and present the genesis of transfer pricing in Ukraine, to identify the problems and to assess the prospects of Ukraine in this direction. Methodology. The theoretical basis was the developments devoted to transfer pricing and the impact of globalization processes on the transfer pricing mechanism of transnational corporations and the system of international regulation. The methodology of the study consisted of general scientific and special scientific methods of research: analysis and synthesis, induction and deduction, methods of analogy, differentiation, generalization. The information base of the study consists of regulatory legal documents, materials of monographic studies of foreign and domestic scientists, textbooks and manuals, international and Ukrainian scientific conferences, articles in periodicals and information base of the Internet. The results of the study showed that transfer pricing as a tax institute appeared in Ukraine in September 2013 against the background of increased attention to transnational corporations and international trade. Unlike many other requirements of tax legislation, transfer pricing has no clear regulatory framework, which creates many problems for both taxpayers and controlling authorities. Ukraine's experience shows that transfer pricing rules focus on shifting the tax base between countries and redistributing profits between related companies, as well as transferring income to low-tax countries. Practical implications. The practical significance of the study lies in a comprehensive analysis and assessment of the current situation of transfer pricing processes taking place in Ukraine. The experience of European countries and judicial practice which formed a number of important and progressive legal positions and conclusions on improvement of transfer pricing control can be used in practice for Ukraine. The practical novelty of the results consists in a comprehensive analysis of the impact of transfer pricing on the current state of tax management as a whole. Value/originality. With proper control over transfer pricing instruments, it is possible to significantly prevent the erosion of the tax base and, consequently, to increase the volume of taxation and ensure the economic security of the state at the proper level.

THE PLACE OF TAX MANAGEMENT IN THE SYSTEM OF PUBLIC FINANCE MANAGEMENT UNDER THE CONDITIONS OF MARITAL STATE

The article analyzes the methodological aspects of the theory and practice of tax management and minimization of tax risks in accordance with the current legislation under martial law. It is noted that the way out of the current economic crisis in Ukraine involves, first of all, the implementation of support measures, including deregulation of entrepreneurs and reduction of administrative pressure. The modern problems of tax mobilization, effective tax incentives for entrepreneurship development are systematized. The main essential and typological problems of state tax management, characteristic of the national scientific thought, are determined. The necessity of adaptation of foreign experience of functioning of tax management to domestic socio-economic realities is substantiated and proposals for modernization of tax management are formulated. It is proved that an important stage of state tax management is the change of traditional approaches to tax management, which were formulated in a centralized economy. As a result, there is a need to master new management methods for the integrated implementation of the fiscal and regulatory functions of taxes. The key features of the concept of tax reform proposed by the Office of the President of Ukraine are determined, its components, advantages and possible consequences are analyzed. The issues of complex solution of problems of state tax management through the prism of its functions are considered. The forecast calculation of the tax reform implementation is given. It is noted that in the conditions of war, the Ukrainian state budget has a huge deficit, which is financed by internal and external borrowings, as well as grants from friends and partners, but the expenditures related to the army are financed only by own resources. The need for a clear definition of all compensators and ways that will minimize possible risks before the introduction of any tax innovations is substantiated. It is concluded that the effectiveness of the organization of management in the state tax management is to ensure the formation of a well-established, interconnected and interdependent tax mechanism capable of effectively solving socio-economic problems of martial law and post-martial law.

The Effect of Earning Management and Tax Management on CSR Was Moderated by The Audit Committee

This study is a study that examines the effect of Earnings Management and Tax Management on CSR moderated by the Audit Committee. The research method used in this study is a quantitative research method, where the sources are taken from various previous studies and IDX data as many as 10 companies listed in the food and beverage sector. This study finds that (1) Earnings management has a significant effect on CSR with n; (2) Tax Management has a significant effect on CSR; (3) the audit committee is able to moderate the influence of Earnings Management on CSR; (4) the audit committee is not able to moderate the effect of Tax Management on CSR.

Family involvement and proactive tax management behaviour in private family SMEs

PurposeThis paper investigates whether board composition, a family chief executive officer (CEO) and the firm's managerial capabilities affect proactive tax management in family small and medium-sized enterprises (SMEs). The main statement is that the professionalisation of corporate government and management practices explains the difference in tax avoidance behaviour in closely held family SMEs.Design/methodology/approachUsing the 2012 Spanish thin-capitalisation rule as a quasi-experiment, the authors estimate panel regressions with firm fixed effects and robust standard errors. This model represents a triple difference-in-differences combined with propensity score matching (PSM-DID).FindingsAnalysis shows that having a high proportion of non-family board members and a high endowment of managerial capabilities lead to tax liability optimisation in family SMEs. Conversely, familial boards and family SMEs with low managerial capabilities lack enough expertise to weigh the costs of tax avoidance over the benefits, resulting in a reluctance to engage in tax optimisation behaviours. Alike, results show no significant relation between CEO's family affiliation and tax management behaviour.Practical implicationsWhen implementing fiscal policies, the specific needs of family SMEs should be considered, and how these needs interact with corporate governance and managerial mechanisms. Moreover, policymakers need a deeper understanding of family SMEs in order to develop policies appropriate to their characteristics. A more comprehensive knowledge of how family firm heterogeneity affects corporate decisions, such as indebtedness and fiscal decisions, may improve public policies.Originality/valueThis study addresses the issue of tax behaviour in family SMEs in a particular event that implies a specific logic to weigh the pros and cons of each alternative: reducing debt or paying more taxes. This study’s conclusions are based on a model that deals with potential endogeneity problems, which avoids bias in the findings.

Some Thoughts on Enterprise Fiscal and Taxation Management under the Background of Big Data Era

Some Thoughts on Enterprise Fiscal and Taxation Management under the Background of Big Data Era

ANALISIS FAKTOR YANG MEMPENGARUHI MANAJEMEN PAJAK DENGAN INDIKATOR TARIF PAJAK EFEKTIF (STUDI PADA PERUSAHAAN PERTAMBANGAN YANG TERDAFTAR DI BEI TAHUN 2017-2020)

This research to analyze of factors affect the tax management with indicators of effective tax rate on mining companies listed in Indonesia Stock Exchange. There are several factors used include size, profitability, fixed asset intensity, inventory intensity and investment opportunity set. This purpose of this study is to empirically examine whether the size, profitability, fixed asset intensity, inventory intensityand investment opportunity set affect the tax management. The sample of this research of 8 mining companies listed in Indonesian Stock Exchange of years 2017-2020. Determination of sample was made by applying purposive sampling. Analysis tool used multiple linear regression with F test, t test and the coefficient of determination was conducted using SPSS version 22. The result showed that the variable size, profitability, fixed asset intensity, inventory intensity, and investment opportunity set affect significantly simultaneously (F test) tax management. From the result of the analysis of partially (t test) the variable size, profitability, fixed asset intensity, inventory intensity did affect significantly to tax management, while the investment opportunity set influential did not significantly to tax management. The result of the coefficient determination showed 43,8% independent variable affect to dependent variable and 56,2% can be explain with the other variables.Keywords: Tax Management, Effective Tax Rate, Indonesia Stock Exchange

GOOD CORPORATE GOVERNANCE TERHADAP MANAJEMEN PAJAK

This study aims to determine the effect of Good Corporate Governance on tax management. Good Corporate Governance in this study uses the proxy of the board of commissioners, independent commissioners and the audit committee. The board of commissioners is measured by looking at the total number of members who are members of the board of commissioners, independent commissioners are measured by the number of independent commissioners over the total board of commissioners of the company and the audit committee is measured by the number of audit committees in the company. Tax management in this study is measured by effective tax rates (ETR). The population in this study are food and beverage companies listed on the Indonesia Stock Exchange during the 2017-2020 period. The total samples tested were 9 companies selected by purposive sampling technique so that the analyzed data amounted to 54 companies. The data analysis technique used panel data regression with the help of the Eviews 9.0 program. The results of this study indicate that (1) the board of commissioners has a significant positive effect on tax management, (2) Independent Commissioners have no effect on tax management, (3) The Audit Committee has a significant negative effect on tax management, Keywords: Tax Management, Effective Tax Rate, Good Corporate Governance

PENGARUH CORPORATE GOVERNANCE DAN KOMPENSASI MANAJEMEN TERHADAP MANAJEMEN PAJAK

This study aims to determine the influence of corporate governance and management compensation on tax management. Tax management is a dependent variable and corporate governance and management compensation is an independent variable. This type of research is quantitative, with a population of 77 companies this research was conducted on property and real estate sector manufacturing companies listed on the IDX in 2016-2020, a research sample of 8 companies with 5 years of observation, the sample determination method used was purposive sampling. The analysis method uses multiple regression analysis, T test and F test using Eviews 9. The results showed that corporate governance affects tax management and management compensation affects tax management. Meanwhile, corporate governance and compensation management have a simultaneous effect on tax management

PENGARUH PAJAK TANGGUHAN, KOMPENSASI MANAJEMEN DAN INTENSITAS PERSEDIAAN TERHADAP MANAJEMEN PAJAK

The purpose of this research are to test the influence of Deferred Tax, Management Compensation and Inventory Intensity against Tax Management. The independent variables are used Deferred Tax, Management Compensation and Inventory Intensity. The dependent variable are used Tax Management. The study used quantitative method with secondary data. The population of this research are manufacturing company of consumer goods industry sector in Indonesia Stock Exchange 2016 - 2021. For the interpretation sample used purposive sampling method because this research have specific sample criteria agree with the purpose of this research. The study used 72 sample for manufacturing company based on purposive sampling method. The hypothesis used testing multiple regression analysis method with Eviews 12 version. The results on the F test can be known variable Deferred Tax, Management Compensation and Inventory Intensity have effect to Tax Management. The result on the T test can be known variable Deferred Tax have effect to Tax Management. The Management Compensation variable have effect to Tax Management. The Inventory Intensity have effect to Tax Management

Pengaruh Leverage, Intensitas Aset Tetap, Transfer Pricing, Dan Komite Audit Terhadap Manajemen Pajak Dengan Indikator Tarif Pajak Efektif

Purpose: This study aims to examine the effect of Leverage, fixed asset intensity, transfer pricing, and audit committee on tax management in manufacturing companies listed in the IDX for the 2018-2021 period. Method: Sampling used purposive sampling method and produced 102 samples data. Data analysis techniques with multiple linear analysis. Finding: The results obtained indicate that Leverage, transfer pricing and audit committee have no effect on tax management. While the variable intensity of fixed assets has a positive influence on tax management. Novelty: This study considers the addition of transfer pricing and audit committees because they are rarely studied in Indonesia.

Corporate strategies and tax avoidance: Does corporate social responsibility matter?

This study aims to empirically analyze the effects of corporate diversification, customer concentration, and related party transactions (RPTs) on tax avoidance. In addition, we analyze the role of corporate social responsibility (CSR) disclosure in moderating the impacts of these independent variables on tax avoidance. We test the hypotheses on Indonesian listed manufacturing firms in 2014-2019, resulting in 414 firm-year observations. Our non-moderated multiple linear regression analyses reveal that corporate diversification and customer concentration are positively associated with tax avoidance, while RPTs do not affect tax avoidance. However, the moderated regression analysis reveals that CSR disclosure strengthens (weakens) the positive effect of corporate diversification and RPTs on tax avoidance. Overall, our results indicate the nuanced role of CSR activities. Specifically, firms can use CSR to conceal their tax management activities but also to act ethically to benefit their stakeholders.

TOOLS TO BALANCE SUB-FEDERAL BUDGETS

The article considers the issues of balancing the sub-federal budget as an integral part of the budget system of the federal state. The Budget Code of the Russian Federation establishes the principle of balance, which enshrines the obligation to adopt a deficit-free budget and, if necessary, to determine the volume and sources of financing its deficit. However, a serious methodological and organisational problem is balancing the budget at the stage of implementation. The high degree of centralisation of fiscal powers in the federal centre, limited influence on the composition of sub-federal budgets and, consequently, on the balance of revenue and expenditure parts, predetermines the objective need to develop a concept of balancing the sub-federal budget. The purpose of this study is to identify and justify the tools of tax revenue management as a main source of budget revenues and an element of the multilevel concept of balancing the sub-federal budget. The methodological basis of this study is the systematic approach, methods of grouping, analysis and comparison. The works of Russian scientists on fiscal policy, balancing budgets, official data of Rosstat and the Federal Treasury were used as the information-empirical base. The result is the development of individual tools, ensuring a balanced budget and lying in the sphere of taxation management at the sub-federal level. The peculiarity of the proposed instruments is that they are within the competence of the authorities of the subjects of the Russian Federation, and their implementation does not require additional funding and does not entail additional administrative burden.

Tax Review of Corporate Income Tax as a Strategy of Tax Management

The purpose of this study is to analyze the application of tax review of corporate income tax as a tax management strategy on PT. X Period 2017-2019. The research method used in this study is qualitative descriptive. The data used in this study was obtained from interviews, observations, document studies and online research. This research was conducted at PT X for the period 2017, 2018 and 2019. The results of research related to the implementation of tax review of corporate income tax is a fiscal correction that is carried out not in accordance with the Tax Law and Tax Regulations that apply in Indonesia. Corporate tax income PT. X in 2017, 2018, 2019 became more paid, underpaid and nil. There is a potential tax shock that can cause companies to be prepared in case of tax checks so that companies must do better tax management.

Tax Review of Corporate Income Tax as a Strategy of Tax Management

Tax Review of Corporate Income Tax as a Strategy of Tax Management

Economic consequences of tax director departure

ABSTRACT This study investigates the economic consequences of the departure of a tax director. In addition, we examine whether the market reactions to such a departure are associated with the director’s gender. Using a sample of 471 U.S. firms, we find positive market reactions to the announcement of tax director departures. Our results further show lower cumulative abnormal returns for female tax directors than for male tax directors. Our findings suggest that the market values tax directors’ departure and gender. Our study has implications for practitioners in terms of the selection of tax directors.

Performance Evaluation of Financial Funds and Financial and Tax Management Suggestions of Public Institutions

Performance Evaluation of Financial Funds and Financial and Tax Management Suggestions of Public Institutions

Tax Management Dipengaruhi Fasilitas Pajak, Leverage, Transfer Pricing, Fixed Assets Intensity, dan Political Power

Tax management is still an ongoing issue. This is done because the company seeks to maximize profits by minimizing the tax burden paid, besides that tax management actions occur because there are differences in objectives between the government and the company. The government aims to optimize state revenue through tax revenue, while companies view taxes as a burden for reducing profits. This study aims to understand and examine the effect of tax facilities, leverage, transfer pricing, fixed assets intensity, and political power on tax management. The population in this study uses the property and real estate industry sector companies in 2017-2020 as many as 80 companies. The research sample was taken using purposive sampling technique with the acquisition of a sample of 16 companies dan 64 research data with outlier data as many as 24 units of analysis. The data processing technique method in this study uses descriptive statistical data analysis, classical assumption test, multiple linear regression analysis, hypothesis testing using partial significant test (t-test) with IBM SPSS software version 25. The result prove that tax facilities and political power have a significant negative effect on tax management. In addition, leverage and transfer pricing have a significant positive effect on tax management and fixed assets intensity does not have a significant negative effect on tax management.