The effect of tax planning and corporate governance on tax disclosure in Malaysia

Tax authorities are still facing unresolved issues of a company‘s tax planning activities, whether they involve direct or indirect taxes. In Malaysia direct tax is the fundamental source of the government‘s income. The transformations in the tax systems and accounting standards have given companies...

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Main Author:	Mgammal, Mahfoudh Hussein
Format:	Thesis
Language:	eng eng
Published:	2015
Subjects:	HJ4771.6 Income Tax Tax Returns.
Online Access:	https://etd.uum.edu.my/5422/1/s93683.pdf https://etd.uum.edu.my/5422/2/s93683_abstract.pdf
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id	my-uum-etd.5422
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Ku Ismail, Ku Nor Izah
topic	HJ4771.6 Income Tax Tax Returns.
spellingShingle	HJ4771.6 Income Tax Tax Returns. Mgammal, Mahfoudh Hussein The effect of tax planning and corporate governance on tax disclosure in Malaysia
description	Tax authorities are still facing unresolved issues of a company‘s tax planning activities, whether they involve direct or indirect taxes. In Malaysia direct tax is the fundamental source of the government‘s income. The transformations in the tax systems and accounting standards have given companies opportunities to manage their tax affairs for the benefit of their shareholders. This study reports results of the relationship between tax disclosure and tax planning. At the same time it also considers corporate governance as a moderating influence. This study used a large sample of non-financial listed companies in Bursa Malaysia. To this end, the study used dataset of hand-gathered information from 286 company financial statements for the fiscal years 2010 to 2012. The results indicate that tax planning exhibits a strong positive relationship with tax disclosure, which is unconditional upon corporate governance. This relationship can be further explained as tax disclosure exhibits a significant positive association with the tax losses component of tax saving, but has a significant negative relationship with permanent differences component of tax saving and the temporary differences component of tax saving. This study contributes to the field of taxation in that it uses the ETR reconciliations to measure the level of tax disclosure in financial statements. Moreover, it contributes to the discussion of who verifies and benefits from tax disclosure conducted by companies. The findings of this study also contribute to the body of knowledge since there is a general dearth of published research that investigates these relationships, particularly in Malaysia.
format	Thesis
qualification_name	Ph.D.
qualification_level	Doctorate
author	Mgammal, Mahfoudh Hussein
author_facet	Mgammal, Mahfoudh Hussein
author_sort	Mgammal, Mahfoudh Hussein
title	The effect of tax planning and corporate governance on tax disclosure in Malaysia
title_short	The effect of tax planning and corporate governance on tax disclosure in Malaysia
title_full	The effect of tax planning and corporate governance on tax disclosure in Malaysia
title_fullStr	The effect of tax planning and corporate governance on tax disclosure in Malaysia
title_full_unstemmed	The effect of tax planning and corporate governance on tax disclosure in Malaysia
title_sort	effect of tax planning and corporate governance on tax disclosure in malaysia
granting_institution	Universiti Utara Malaysia
granting_department	Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
publishDate	2015
url	https://etd.uum.edu.my/5422/1/s93683.pdf https://etd.uum.edu.my/5422/2/s93683_abstract.pdf
_version_	1747827931388837888
spelling	my-uum-etd.54222021-04-04T07:36:53Z The effect of tax planning and corporate governance on tax disclosure in Malaysia 2015 Mgammal, Mahfoudh Hussein Ku Ismail, Ku Nor Izah Tunku Puteri Intan Safinaz School of Accountancy (TISSA) School of Accountancy HJ4771.6 Income Tax. Tax Returns. Tax authorities are still facing unresolved issues of a company‘s tax planning activities, whether they involve direct or indirect taxes. In Malaysia direct tax is the fundamental source of the government‘s income. The transformations in the tax systems and accounting standards have given companies opportunities to manage their tax affairs for the benefit of their shareholders. This study reports results of the relationship between tax disclosure and tax planning. At the same time it also considers corporate governance as a moderating influence. This study used a large sample of non-financial listed companies in Bursa Malaysia. To this end, the study used dataset of hand-gathered information from 286 company financial statements for the fiscal years 2010 to 2012. The results indicate that tax planning exhibits a strong positive relationship with tax disclosure, which is unconditional upon corporate governance. This relationship can be further explained as tax disclosure exhibits a significant positive association with the tax losses component of tax saving, but has a significant negative relationship with permanent differences component of tax saving and the temporary differences component of tax saving. This study contributes to the field of taxation in that it uses the ETR reconciliations to measure the level of tax disclosure in financial statements. Moreover, it contributes to the discussion of who verifies and benefits from tax disclosure conducted by companies. 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