Journal • CITN Journal

Editorial Board

Editor-in-Chief

Professor Rafiu Oyesola Salawu

Department of Management & Accounting, Faculty of Administration, Obafemi Awolowo University, Ile-Ife

Managing Editor

Professor Godwin Emmanuel Oyedokun

Department of Management & Accounting, Lead City University, Ibadan, Nigeria

Editorial Board Secretary

Mary-Fidelis Chidoziem Abiahu

Director, Research and Professional Standard, Chartered Institute of Taxation of Nigeria

Editorial Board Members

Professor Chinedum Nathaniel Nwezeaku

Federal University of Technology, Owerri

Professor John Adeoti

Nigeria Institute of Social and Economic Research (NISER), Ibadan

Professor Uche Jack-Osimiri

Faculty of Law, River State University, Port Harcourt

Professor Aruwa Suleiman Akwu-Odo Salihu

Nasarawa State University, Keffi Nasarawa State Nigeria

Dr. Eiya Ofiafoh Ofiafoh (Associate Professor)

Department of Accounting, University of Benin, Benin City, Nigeria

Dr. Stephen Chukwuemeka Mark Abani

MCSA Worldwide Projects Limited, Abuja, Nigeria

Dr. Kenny Adedapo Soyemi

Department of Accounting, Olabisi Onabanjo University, Ago Iwoye, Ogun State, Nigeria

Professor Joseph Uchenna Uwaleke

Department of Banking & Finance, Nasarawa State University, Keffi Nasarawa State, Nigeria

Barrister Chukwuemeka Eze

Faculty of Law, Nasarawa State University, Keffi Nasarawa State, Nigeria

Mr. Simon Nwanmaghyi Kato

Federal Inland Revenue Service, Chairman’s Office, Abuja, Nigeria

FIRM ATTRIBUTES AND TAX AVOIDANCE IN NIGERIAN LISTED MANUFACTURING COMPANIES

Description

FIRM ATTRIBUTES AND TAX AVOIDANCE IN NIGERIAN LISTED MANUFACTURING COMPANIES

Authors

ODUNSI, Oluwasegun Temitayo, ADEDEJI, Samuel Babatunji and ALAO, Abdul-Azeez Adeniyi

Abstract

This study investigated the effect of firm attributes on tax avoidance among listed manufacturing companies in Nigeria. Ex-post facto design was employed in the study with secondary data being gathered from published annual reports of these companies from 2012 up to 2021. Hypothesis was tested using the Ordinary Least Squares (OLS) approach. The results portrayed a positive relationship between firm leverage (FIL) and tax avoidance, though this relationship was not statistically significant at 5 percent level (p > 0.05). This shows that big-sized companies among manufacturing companies quoted in Nigeria tend to be more tax aggressive. The study concluded that firm attributes do not significantly affect tax avoidance in these companies. Consequently, it suggested that the Federal Inland Revenue Service (FIRS) need to promote transparency in tax reporting by encouraging companies to disclose their tax planning strategies, particularly given the significant influence of larger boards of directors on tax behavior. Also, offering tax benefits by the government to firms that engage in sustainable practices, research and development, and employee training is important to steer profitable companies away from aggressive tax strategies and promote socially responsible business behaviour.

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