Corporate Governance Characteristics as a Stimulus to Tax Management
This article aimed to investigate whether corporate governance uses tax management to increase companies' performance. The objective was checking whether corporate governance characteristics, such as remuneration paid to the executive board, segregation between Chairman and CEO, and the indepen...
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2016-01-01
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doaj-7ed94c9f75494a50b80b9589a2610c652020-11-24T20:55:06ZengUniversidade de São PauloRevista Contabilidade & Finanças1808-057X2016-01-01010.1590/1808-057x201500750S1519-70772016005001102Corporate Governance Characteristics as a Stimulus to Tax ManagementAntônio Paulo Machado GomesThis article aimed to investigate whether corporate governance uses tax management to increase companies' performance. The objective was checking whether corporate governance characteristics, such as remuneration paid to the executive board, segregation between Chairman and CEO, and the independence and composition of the Board of Directors, influence tax management in Brazilian companies. At the same time, it aimed to identify whether the preceding tax management is reflected on the subsequent tax management. To do this, a sample of 355 Brazilian companies listed on the BM&FBOVESPA between 2008 and 2014 was used, in order to find out whether their corporate governance characteristics influenced tax management, something identified by calculating ETR, CashETR, and BTD. As a result, it was found (i) that the remuneration paid to executives may be regarded as a characteristic influencing tax management in Brazilian firms, and (ii) that the preceding tax management influences the future tax management. In addition, it was found that Brazilian companies do not rule out tax management benefits, since the average effective rate in the sample under analysis was 25%, and it is statistically lower than the nominal rate of taxes on earnings in Brazil, which is 34%.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1519-70772016005001102&lng=en&tlng=engerenciamento tributáriogovernança corporativaETRCashETRBTD |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Antônio Paulo Machado Gomes |
spellingShingle |
Antônio Paulo Machado Gomes Corporate Governance Characteristics as a Stimulus to Tax Management Revista Contabilidade & Finanças gerenciamento tributário governança corporativa ETR CashETR BTD |
author_facet |
Antônio Paulo Machado Gomes |
author_sort |
Antônio Paulo Machado Gomes |
title |
Corporate Governance Characteristics as a Stimulus to Tax Management |
title_short |
Corporate Governance Characteristics as a Stimulus to Tax Management |
title_full |
Corporate Governance Characteristics as a Stimulus to Tax Management |
title_fullStr |
Corporate Governance Characteristics as a Stimulus to Tax Management |
title_full_unstemmed |
Corporate Governance Characteristics as a Stimulus to Tax Management |
title_sort |
corporate governance characteristics as a stimulus to tax management |
publisher |
Universidade de São Paulo |
series |
Revista Contabilidade & Finanças |
issn |
1808-057X |
publishDate |
2016-01-01 |
description |
This article aimed to investigate whether corporate governance uses tax management to increase companies' performance. The objective was checking whether corporate governance characteristics, such as remuneration paid to the executive board, segregation between Chairman and CEO, and the independence and composition of the Board of Directors, influence tax management in Brazilian companies. At the same time, it aimed to identify whether the preceding tax management is reflected on the subsequent tax management. To do this, a sample of 355 Brazilian companies listed on the BM&FBOVESPA between 2008 and 2014 was used, in order to find out whether their corporate governance characteristics influenced tax management, something identified by calculating ETR, CashETR, and BTD. As a result, it was found (i) that the remuneration paid to executives may be regarded as a characteristic influencing tax management in Brazilian firms, and (ii) that the preceding tax management influences the future tax management. In addition, it was found that Brazilian companies do not rule out tax management benefits, since the average effective rate in the sample under analysis was 25%, and it is statistically lower than the nominal rate of taxes on earnings in Brazil, which is 34%. |
topic |
gerenciamento tributário governança corporativa ETR CashETR BTD |
url |
http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1519-70772016005001102&lng=en&tlng=en |
work_keys_str_mv |
AT antoniopaulomachadogomes corporategovernancecharacteristicsasastimulustotaxmanagement |
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1716792590174519296 |