دانلود مقاله ویژگی های کمیته حسابرسی و فرار مالیاتی
چکیده
مقدمه
مروری بر مطالعات پیشین و توسعه فرضیه
روش شناسی
نتایج تجربی
نتیجه گیری
منابع
Abstract
Introduction
Literature review and hypothesis development
Methodology
Empirical results
Conclusion
References
چکیده
هدف این مطالعه بررسی تأثیر ویژگی‌های کمیته حسابرسی بر اجتناب مالیاتی در ویتنام است. این مقاله از داده‌های شرکت‌های غیر مالی فهرست‌شده در شهر هوشی مین و بورس ها نوی در دوره 2010-2019 استفاده می‌کند. با استفاده از برآورد FEM و SGMM برای داده‌های تابلویی، نتایج تجربی نشان می‌دهد که چگونه ویژگی‌های کمیته حسابرسی بر اجتناب مالیاتی متفاوت تأثیر می‌گذارد. به طور خاص، متوجه شدیم که اندازه کمیته حسابرسی با اجتناب مالیاتی همبستگی مثبت دارد، در حالی که نسبت اعضای زن، کارشناسان مالی و حسابداری کمیته حسابرسی می‌تواند رفتارهای اجتناب مالیاتی را محدود کند. یافته‌های ما مفاهیم مهمی را برای شرکت‌های فهرست‌شده برای تقویت نقش کمیته حسابرسی در محدود کردن رفتار اجتناب از مالیات ارائه می‌کند.
توجه! این متن ترجمه ماشینی بوده و توسط مترجمین ای ترجمه، ترجمه نشده است.
Abstract
This study aims to examine the impact of the characteristics of the audit committee on tax avoidance in Vietnam. The article uses data of non-financial firms listed on the Ho Chi Minh City and Ha Noi Stock Exchange over the period 2010–2019. By using the FEM and SGMM estimation for panel data, the empirical results show how the characteristics of the audit committee affect tax avoidance differently. Specifically, we find that the size of the audit committee has a positive correlation to tax avoidance, while the proportion of female members, financial and accounting experts of the audit committee can constrain tax avoidance behaviors. Our finding provides some important implications for listed firms to enhance the role of the audit committee in constraining tax avoidance behavior.
Introduction
If tax evasion is an illegal act, tax avoidance, which is defined as legal methods to minimize the amount of income tax owed by an individual or a business, is considered a legal activity. As a for-profit entity, maximizing shareholder’s wealth is one of the managers’ key criteria. Therefore, when facing the goals of business performance as well as the need for capital, tax avoidance is an indispensable way in the management strategy, because from the perspective of businesses, tax is an expense. Large fees with mandatory character are managed by the legal network. For that reason, tax avoidance activities are becoming more and more popular with increasing sophistication and complexity in companies. Based on agency theory, many studies show that tax avoidance is associated with corporate governance because managers always have incentives to minimize tax costs and help enterprises’ value increase. Plesko (2002) shows that tax accounting disparity increases when managers seek to increase accounting profit but not taxable profit in order to minimize tax costs. This phenomenon is said to be the manager’s implementation of the tax planning strategy. In addition, managers of listed companies always have an incentive to minimize income tax costs but at the same time still want to show effective business results through increased profit after tax and make it stable over time for their own personal gain. These activities increase the firm’s compliance risk and affect the state budget. It becomes more important in emerging countries when the state budget is critically limited and tax avoidance activities become more and more sophisticated and complex.
Conclusion
In the context of tax avoidance activities become more and more sophisticated and complex. Based on agency theory, this study examines the relationship between audit committee characteristics and a firm’s tax avoidance behavior. By using panel data of 468 non-financial firms listed on the Ho Chi Minh City and Ha Noi Stock Exchange over the period 2010–2019, our results provide strong evidence about the relationship between audit committee characteristics and tax avoidance behavior. Specifically, we find that audit committee size has a positive correlation with tax avoidance. However, the proportion of female members, financial and accounting experts on the audit committee can constrain tax avoidance behaviors. Although our findings are consistent with previous studies that appropriate audit committee structure enhances its effectiveness, our study adds to the literature the new roles of audit committee, i.e. they can constrain tax avoidance activities. Furthermore, our findings provide several important policy implications for shareholders and regulators. First, shareholders should investigate audit committee characteristics to manage tax avoidance activities. Second, regulators should pay special attention to large listed companies with large audit committees or a low proportion of female members, financial and accounting experts on audit committees because of high potential tax avoidance. Tax avoidance is one of the issues that shareholders should pay attention to since these activities are tied to their interests. While tax avoidance can be beneficial to companies in the short term, it carries risks in the long run because it can be illegal. When corporate owners decide whether to accept tax avoidance behaviors, they must consider a variety of issues related to the benefits, costs, and risks that may arise from doing so. Therefore, the company owners who want to control tax avoidance activities need to pay attention to the characteristics of the audit committee, such as the gender and size of the committee, the number of independent members, financial and accounting experts. Because Vietnamese listed firm publishes less information about audit committee, this study only focuses on four characteristics of audit committee. Future studies can extend more characteristics or perform in the different economies.
H1: Size of the audit committee has a positive relationship with tax avoidance.
H2: The percentage of female members in the audit committee has a negative relationship with tax avoidance.
H3: The percentage of independent members in the audit committee has a negative relationship with tax avoidance.
H4: The proportion of financial and accounting experts in the audit committee has a negative relationship with tax avoidance.