ANALYSIS OF TAXES PAYMENT, AUDIT QUALITY AND FIRM SIZE TO THE TRANSFER PRICING POLICY IN MANUFACTURING FIRM IN INDONESIA STOCK EXCHANGE

International Journal of Business Society, Vol. 2, Issue 4
Lucky NugrohoBrianditya Ridlo WicaksonoWiwik Utami
Taxaudit qualityfirm sizetransfer pricing
PDFRegular IssueDOI: 10.30566/ijo-bs/2018.288
2Volume
4Issue

Abstract

This research is aimed to analyze the effect of tax, audit quality and firm size to an indication of transfer pricing in the manufacturing firm that listed in Indonesia Stock Exchange during the period 2010-2016. Independent variable in this research was tax payment, audit quality and firm size and dependent variable used is transfer pricing policy. This research used secondary data analysis of financial statements or annual reports of firms in Indonesia Stock Exchange. The population of this research is a manufacturing firm in the period 2010-2016. The research using purposive sampling method, the total amount of samples was 133 firms. This research used logistic regression analysis as an analytical method. The results of the analysis in the research showed that tax-effected and significant to an indication of transfer pricing. While auditing quality and firm size not significantly on an indication transfer pricing.

References

[1]

Adriani, P. J. A. (2005). Pengantar Ilmu Hukum Pajak. Jakarta: Gramedia.

[2]

Annisa, N. A., & Kurniasih, L. (2012). Pengaruh corporate governance terhadap Tax avoidance. Jurnal Akuntansi & Auditing, 8(2), 95 -189.

[3]

Ang, J. S., Cole, R. A., & Lin, J. W. (2000). Agency costs and ownership structure. The Journal of Finance, 55(1), 81-106.

[4]

Ball, R., & Shivakumar, L. (2005). Earnings quality in UK private firms: comparative loss recognition timeliness. Journal of Accounting and Economics, 39(1), 83-128.

[5]

Barford, V., & Holt, G. (2013). Google, Amazon, Starbucks: The rise of ‘tax shaming’. BBC News Magazine, 21.

[6]

Bartelsman, E. J., & Beetsma, R. M. (2003). Why pay more? Corporate tax avoidance through transfer pricing in OECD countries. Journal of Public Economics, 87(9-10), 2225-2252.

[7]

Bernard, A. B., Jensen, J. B., & Schott, P. K. (2006). Survival of the best fit: Exposure to low-wage countries and the (uneven) growth of US manufacturing plants. Journal of International Economics, 68(1), 219-237.

[8]

Cai, H., & Liu, Q. (2009). Competition and corporate tax avoidance: Evidence from Chinese industrial firms. The Economic Journal, 119(537), 764-795.

[9]

Clausing, K. A. (2003). Tax-motivated transfer pricing and US intrafirm trade prices. Journal of Public Economics, 87(9-10), 2207-2223.

[10]

Dhar, B.K.; Hoque, M. (2015). A Dynamic Practice of Human Resource Accounting for Financial Sustainability of Developing Nations: A Study on Bangladesh. International Journal of Business Society, 5(2); p.14-20

[11]

DeAngelo, L. E. (1981). Auditor size and audit quality. Journal of Accounting and Economics, 3(3), 183-199.

[12]

Dechow, P. M. (1994). Accounting earnings and cash flows as measures of firm performance: The role of accounting accruals. Journal of Accounting and Economics, 18(1), 3-42.

[13]

Dewi, N. N. K., & Jati, I. K. (2014). Pengaruh Karakter Eksekutif, Karakteristik Perusahaan, dan Dimensi Tata Kelola Perusahaan yang Baik pada Tax Avoidance di Bursa Efek Indonesia. E-Jurnal Akuntansi, 249-260.

[14]

Di Carlo, E. (2014). Related party transactions and separation between control and direction in business groups: the Italian case. Corporate Governance, 14(1), 58-85.

[15]

Dopuch, N., & Simunic, D. (1982). Competition in auditing: An assessment. In Fourth Symposium on auditing research (Vol. 401, p. 405). Urbana, IL: University of Illinois.

[16]

Eiteman, D. K., Stonehill, A. I., & Moffett, M. H. (2007). Multinational business finance.

[17]

Eksandy, A. (2017). PENGARUH KOMISARIS INDEPENDEN, KOMITE AUDIT, DAN KUALITAS AUDIT TERHADAP PENGHINDARAN TAX AVOIDANCE (Studi Empiris Pada Sektor Industri Barang Konsumsi yang terdaftar di Bursa Efek Indonesia Periode 2010 - 2014). Competitive Jurnal Akuntansi dan Keuangan, 1(1), 1-20.

[18]

Elliott, J., & Emmanuel, C. (2002). International transfer pricing. In The International Taxation System (pp. 157-179). Springer, Boston, MA.

[19]

Ferial, F., & Handayani, S. R. (2016). Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan Dan Efeknya Terhadap Nilai Perusahaan (Studi Pada Badan Usaha Milik Negara Yang Terdaftar Di Bursa Efek Indonesia Periode 2012-2014). Jurnal Administrasi Bisnis, 33(1), 146-153.

[20]

Francis, J. R., Maydew, E. L., & Sparks, H. C. (1999). The role of Big 6 auditors in the credible reporting of accruals. Auditing: a Journal of Practice & Theory, 18(2), 17-34.

[21]

Ghozali, I. (2013). Aplikasi Analisis Multivariate dengan Program IBM SPSS 21 Edisi 7. Semarang: Badan Penerbit Universitas Diponegoro.

[22]

Grubert, H., & Mutti, J. (1991). Taxes, tariffs and transfer pricing in multinational corporate decision making. The Review of Economics and Statistics, 285-293.

[23]

Hardiningsih, P. (2010). Pengaruh independensi, corporate governance, dan kualitas audit terhadap integritas laporan keuangan. Jurnal Ilmiah Kajian Akuntansi, 2(1).

[24]

Hidayah, N. (2015). Pengaruh Investment Opportunity Set (Ios) Dan Kepemilikan Manajerial Terhadap Nilai Perusahaan Pada Perusahan Property Dan Real Estat Di Bursa Efek Indonesia. Jurnal Akuntansi, 19(3).

[25]

Hines Jr, J. R., & Rice, E. M. (1994). Fiscal paradise: Foreign tax havens and American business. The Quarterly Journal of Economics, 109(1), 149-182.

[26]

Ilyas, W. B., & Suhartono, R. (2009). Panduan Komprehensif, Mudah dan Praktis, Pajak Penghasilan.

[27]

Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305-360.

[28]

Jensen, M. C. (1986). Agency costs of free cash flow, corporate finance, and takeovers. The American Economic Review, 76(2), 323-329.

[29]

Kirkos, E., Spathis, C., & Manolopoulos, Y. (2007). Data mining techniques for the detection of fraudulent financial statements. Expert Systems with Applications, 32(4), 995-1003.

[30]

Kiswanto, N. (2014). Pengaruh Pajak, Kepemilikan Asing, dan Ukuran Perusahaan terhadap Transfer Pricing pada Perusahaan Manufaktur di BEI tahun 2010-2013 (Doctoral dissertation, UAJY).

[31]

Kurniasih, T., & Sari, M. M. R. (2013). Pengaruh Return On Assets, Leverage, Corporate Governance, Ukuran Perusahaan dan Kompensasi Rugi Fiskal Pada Tax Avoidance. Buletin Studi Ekonomi.

[32]

Laffont, J. J., & Martimort, D. (2009). The theory of incentives: the principal- agent model. Princeton University Press.

[33]

Lakhal, S. Y. (2006). An operational profit sharing and transfer pricing model for network-manufacturing companies. European Journal of Operational Research, 175(1), 543-565.

[34]

Lall, S. (1983). Transfer pricing by multinational manufacturing firms. In International Accounting and Transnational Decisions (pp. 410-432).

[35]

Lin, Y. H. (2010). Overseeing controlling shareholders: do independent directors constrain tunneling in Taiwan. San Diego Int'l LJ, 12, 363.

[36]

Lingga, I. S. (2015). Aspek Perpajakan dalam Transfer Pricing dan Problematika Praktik Penghindaran Pajak (Tax Avoidance). Zenit, 1(3).

[37]

Mackie-Mason, J. K. (1990). Do taxes affect corporate financing decisions?. The Journal of Finance, 45(5), 1471-1493.

[38]

Mardiasmo, M. B. A. (2011). Perpajakan (Edisi Revisi). Penerbit Andi.

[39]

Marfuah, M., & Azizah, A. P. N. (2014). Pengaruh pajak, tunneling incentive dan exchange rate pada keputusan transfer pricing perusahaan. Jurnal Akuntansi dan Auditing Indonesia, 18(2), 156-165.

[40]

Marisa, R., & Wuryani, E. (2017). Pengaruh Pajak, Bonus Plan, Tunneling Incentive, dan Ukuran Perusahaan terhadap Transfer Pricing. Jurnal Akuntansi UNESA, 5(2).

[41]

Martin, J. D., & Sayrak, A. (2003). Corporate diversification and shareholder value: a survey of recent literature. Journal of Corporate Finance, 9(1), 37-57.

[42]

Myers, J. N., Myers, L. A., & Omer, T. C. (2003). Exploring the term of the auditor-client relationship and the quality of earnings: A case for mandatory auditor rotation?. The Accounting Review, 78(3), 779-799.

[43]

Nardi, B. A. (1996). Studying context: A comparison of activity theory, situated action models, and distributed cognition. Context and consciousness: Activity theory and human-computer interaction, 69-102.

[44]

Nastiti, A. S., & Gumanti, T. A. (2011). Kualitas Audit dan Manajemen Laba pada Initial Public Offerings di Indonesia. Simposium Nasional Akuntansi XIV Aceh.

[45]

Nicolin, O., & Sabeni, A. (2013). PENGARUH STRUKTUR CORPORATE GOVERNANCE, AUDIT TENURE, DAN SPESIALISASI INDUSTRI AUDITOR TERHADAP INTEGRITAS LAPORAN KEUANGAN (Studi pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2008-2011) (Doctoral dissertation, Fakultas Ekonomika dan Bisnis).

[46]

Noviastika, F. (2016). Pengaruh Pajak, Tunneling Incentive dan Good Corporate Governance (GCG) terhadap Indikasi Melakukan Transfer Pricing pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (Studi pada Bursa Efek Indonesia yang Berkaitan dengan Perusahaan Asing). Jurnal Mahasiswa Perpajakan, 8(1).

[47]

Nugroho, L., Nurrohmah, S., & Anasta, L. (2018). FAKTOR -FAKTOR YANG MEMPENGARUHI OPINI AUDIT GOING CONCERN. Jurnal Sistem Informasi, Keuangan, Auditing & Perpajakan, 2(2), 96-111.

[48]

Nugroho, L. (2018). ANALISA FAKTOR -FAKTOR YANG MEMPENGARUHI KUALITAS AUDIT (Studi Empiris pada Perusahaan Manufaktur Industri Sektor Barang Konsumsi yang Terdaftar Di Bursa Efek Indonesia tahun 2014- 2016). JURNAL MANEKSI, 7(1), 55-65.

[49]

Octovido, I. (2014). Analisis Efektivitas Dan Kontribusi Pajak Daerah Sebagai Sumber Pendapatan Asli Daerah Kota Batu (Studi Pada Dinas Pendapatan Daerah Kota Batu Tahun 2009-2013). Jurnal Administrasi Bisnis, 15(1).

[50]

Overesch, M., & Wamser, G. (2010). Corporate tax planning and thin-capitalization rules: evidence from a quasi-experiment. Applied Economics, 42(5), 563-573.

[51]

Permata, D. N. I., Kusumawati, F., & Suryawati, R. F. (2012). Pengaruh Penerapan Good Corporate Governance Terhadap Kinerja Keuangan Perusahaan. InFestasi, 8(2), 171-178.

[52]

PRAMANA, A. H., & LAKSITO, H. (2014). Pengaruh Pajak, Bonus Plan, Tunneling Incentive, dan Debt Covenant Terhadap Keputusan Perusahaan Untuk Melakukan Transfer Pricing (Studi Empiris pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Tahun 2011-2013). (Doctoral dissertation, Fakultas Ekonomika dan Bisnis).

[53]

Refgia, T., & Ratnawati, V. (2016). Pengaruh Pajak, Mekanisme Bonus, Ukuran Perusahaan, Kepemilikan Asing, Dan Tunneling Incentive Terhadap Transfer Pricing (Perusahaan Sektor Industri Dasar Dan Kimia Yang Listing di Bei Tahun 2011 -2014). Jurnal Online Mahasiswa (JOM) Bidang Ilmu Ekonomi, 4(1), pp.543-555.

[54]

Rezaee, Z. (2005). Causes, consequences, and deterence of financial statement fraud. Critical Perspectives on Accounting, 16(3), 277-298.

[55]

Richardson, G., Taylor, G., & Lanis, R. (2013). Determinants of transfer pricing aggressiveness: Empirical evidence from Australian firms. Journal of Contemporary Accounting & Economics, 9(2), 136-150.

[56]

Rochmat, S. (1992). Pengantar Singkat Hukum Pajak. FT Enesco, Bandung.

[57]

Ross, S. A. (1973). The economic theory of agency: The principal's problem. The American Economic Review, 63(2), 134-139.

[58]

Samuel, F. A., & Ranti, U. O. (2013). Effects of strategic tax behaviors on corporate governance. International Journal of Finance and Accounting, 2(6), 326-330.

[59]

Setiawan, H. (2014). Transfer Pricing dan Risikonya Terhadap Penerimaan Negara. Diakses dari http://kemekeu.go.id.

[60]

Sfard, A. (1991). On the dual nature of mathematical conceptions: Reflections on processes and objects as different sides of the same coin. Educational studies in mathematics, 22(1), 1-36.

[61]

Silalahi, E. M., Nugroho, L., & Anasta, L. (2018). Analisa Mekanisme Penghitungan, Pemotongan, Penyetoran dan Pelaporan Pajak Penghasilan Pasal 21 Pada PT. Bina Swadaya Konsultan Tahun 2016. Tekun, 8(1).

[62]

Sumarsan, T. (2013). Perpajakan Indonesia. Edisi ketiga. PT Indeks. Jakarta.

[63]

Sunarsih, U., & Oktaviani, K. (2016). Good Corporate Governance in Manufacturing Companies Tax Avoidance. Etikonomi, 15(2).

[64]

Utami, W. (2015). Financial Performance and the Quality of Sustainability Disclosure Based on Global Reporting Initiative: Value Relevances Study in Indonesia Stock Exchange. Mediterranean Journal of Social Sciences, 6(5 S5), 243.

[65]

Uyar, A. (2010). Cost and management accounting practices: a survey of manufacturing companies. Eurasian Journal of Business and Economics, 3(6), 113-125.

[66]

Wafiroh, N. L. (2015). Pengaruh pajak, tunneling incentive dan mekanisme bonus pada keputusan transfer pricing perusahaan manufaktur yang listing di Bursa Efek Indonesia (BEI) periode 2011-2013. Doctoral dissertation, Universitas Islam Negeri Maulana Malik Ibrahim.

[67]

Watts, R. L., & Zimmerman, J. L. (1990). Positive accounting theory: a ten year perspective. Accounting Review, 131-156.

[68]

Wibawa, A., & Abdillah, Y. (2016). Pengaruh Good Corporate Governance terhadap Penghindaran Pajak (Studi pada Perusahaan Terd aftar di Indeks Bursa Sri Kehati Tahun 2010-2014). Jurnal Mahasiswa Perpajakan, 11(1).

[69]

Winata, F. (2015). Pengaruh Corporate Governance terhadap Tax Avoidance pada Perusahaan yang Terdaftar di Bursa Efek Indonesia. Tax & Accounting Review, 4(1), 162.

[70]

Yuniasih, N. W., Rasmini, N. K., & Wirakusuma, M. G. (2012). Pengaruh Pajak dan Tunneling Incentive pada Keputusan Transfer Pricing Perusahaan Manufaktur yang Listing di Bursa Efek Indonesia. Jurnal Simposium Nasional Akuntansi Unikal XV.

[71]

Zucman, G. (2014). Taxing across borders: Tracking personal wealth and corporate profits. Journal of Economic Perspectives, 28(4), 121-48.

Article Information

Article Details
Volume & IssueVol. 2, Iss. 4
Publication DateSep 1, 2018
Authors
Lucky Nugroho
Brianditya Ridlo Wicaksono
Wiwik Utami
DOI
10.30566/ijo-bs/2018.288
PDF Download