IMPACT OF CORPORATE ATTRIBUTES ON TAX AGGRESSIVENESS: EVIDENCE FROM LISTED INDUSTRIAL GOODS FIRMS IN NIGERIA

Abstract

This study examined effect of firm attributes on tax aggressiveness among listed companies in Nigeria. The general research framework adopted was the ex-post facto research design and positivist research philosophy for the purpose of addressing research problem. Data were sourced from the published annual reports of listed industrial goods companies in Nigeria. The study employed multiple regression technique and descriptive statistic as the procedure of analysis with the aid of STATA version 16 as a tool for analysis. The study found that profitability and firm size have positive significant effect on tax aggressiveness, while capital intensity has positive insignificant effect on tax aggressiveness of quoted industrial goods companies in Nigeria. The study concluded that tax aggressiveness is indeed an earnings management strategy towards reducing the tax burden or liability of companies and often made possible by company specific attributes. The study recommended that the Securities and Exchange Commission should continually monitor the profitability of industrial goods companies since it is an intuitive indicator with capacity to influence effective tax rate