Analysis the Effect of Effective Tax Rate, Tunneling Incentive, Bonus Mechanism and Debt Covenant towards Company Transfer Pricing Decision
DOI:
https://doi.org/10.61841/mpk3k090Keywords:
Transfer Pricing, Effective Tax Rate, Tunneling Incentive, Nonus Mechanism, Debt CovenantAbstract
This study aims to investigate the influence of effective tax rate, tunneling incentive, bonus mechanism and debt covenant towards transfer pricing decision in agriculture and mining companies. The population used based on main sectors companies that listed in Indonesia Stock Exchange period of 2016-2018. The sample was taken by purposive sampling and resulted in the final sample of 42 companies. Data collection were taken from the company's annual report and analyzed by logistic regression as an analysis tool. The results and discussion of the logistic regression show that tunneling incentive has a positive effect on transfer pricing decision. While others independent variables have no effect on transfer pricing decision.
Downloads
References
[1] B. A. Amang, “Relasi Pemilik Kapital Dengan Kekuasaan Dalam Tata Niaga Bawang Merah di Kabupaten Nganjuk”, Doctoral dissertation, Airlangga University.
[2] F. Fatmariani, “Pengaruh Struktur Kepemilikan, Debt Covenant dan Growth Opportunities Terhadap Konservatisme Akuntansi Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia, Jurnal Akuntansi, 2013.
[3] L. Ghozali, “Aplikasi Analisis Multivariate IBM SPSS 23”, vol.8, 2015.
[4] J. Godfrey, A. Hodgson, A. Tarca, J. Hamilton and S. Holmes, “Accounting Theory”, 2010.
[5] Gunadi, “Transfer Pricing. Suatu Tinjauan Akuntansi Manajemen dan Pajak”, Bina Rena Pariwara, Jakarta, 1994.
[6] W. Hartati and N.A.Desmiyawati, “Analisis Pengaruh Pajak dan Mekanisme Bonus terhadap Keputusan Transfer Pricing.”, 2014.
[7] D. Julita. Hartati, “Tax Minimization, Tunneling Incentive dan Mekanisme Bonus Terhadap Keputusan Transfer Pricing Seluruh Perusahaan yang Listing di Bursa Efek Indonesia.”, 2015.
[8] P. M. Healy and J. M. Wahjen, “A Review of the Earnings Management Literature and Its Implications for Standard Setting.”, Accounting Horizons, vol. 13, no. 2, pp. 365-383, 1999.
[9] W. H. Meckling and M. C. Jensen, “ Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure.”, Journal of Financial Economics, vol. 3, no. 4, pp. 305-360, 1976.
[10] M. Mispiyanti, “Pengaruh Pajak, Tunneling Incentive dan Mekanisme Bonus Terhadap Keputusan Transfer Pricing.”, Jurnal Akuntansi dan Investasi, vol. 16, no. 1, pp. 62-74, 2015.
[11] M. Mutamimah, “Tunneling atau Value Added dalam Strategi Merger dan Akuisisi di Indonesia.”, Jurnal of Theory and Applied Management, vol. 2, no. 2, 2009.
[12] G. J. Stigler, “The Theory of Economic Regulation”, The Bell Journal of Economics and Management Science, vol. 3, no. 21, 1971.
[13] R. Watts and J. Zimmerman, “Positive Theory of Accounting”, Englewood Cliffs, NY: Prentice-Hall, 1986.
[14] Liputan6, “2000 Perusahaan Asing Gelapkan Pajak Selama 10 tahun.”, 2016.
[15] Kompas, “Freeport Indonesia Kembali Tak Bagikan Dividen., 2015
[16] D. Kesa, E. Harinurdin, dan A. Setiawati, “Analisis Transfer Pricing dalam Lending Activities Banking dengan Menggunakan Arm’s Length Principle”. Jurnal Vokasi Indonesia, 3(2), 2016.
[17] K.J. Klassen. P Lisowsky, and D. Mescall. “Transfer pricing: Strategies, Practices, and Tax Minimization”.
Contemporary Accounting Research, 34(1), 455-493. 2013
[18] A.B. Bernard, J.B. Jensen, and P.K. Schott. “Transfer pricing by US-based multinational firms (No. w12493)”.
National Bureau of Economic Research. 2006.
[19] J. Jacob. “Taxes and Transfer Pricing: Income shifting and the Volume of Intra-firm Transfers”. Journal of Accounting Research, 301-312. 1996.
[20] M.K. Huda, N. Nugraheni, dan K. Kamarudin, “The Problem of Transfer Pricing in Indonesia Taxation System”.
International Journal of Economics and Financial Issues, 7(4), 139-143. 2017.
[21] T.J. Wong, and M. Jian. “Earnings Management and Tunneling through Related Party Transactions: Evidence from Chinese Corporate Groups (June 2003)”. EFA 2003 Annual Conference paper No.549. Available at SSRN: https://ssrn.com/abstract=424888 or http://dx.doi.org/10.2139/ssrn.424888
[22] S. Claessens, S. Djankov, J.P. Fan, and L.H. Lang. “Expropriation of minority shareholders: Evidence from East Asia”). World Bank, Washington, DC, pp. 461-498, 1999.
[23] J. Dwinanto, “Pengaruh Merger dan Akuisisi Terhadap Kekayaan Pemegang Saham Minoritas: Studi Kasus PT Lippo Karawaci Tbk”. Thesis, Universitas Indonesia. 2010.
[24] C.T. Horngren and W.T. Harrison, “Financial and Managerial Accounting”. Pearson Education. 2008.
[25] K.H. Chan and L. Chow. “International transfer pricing in China”. Sweet & Maxmell Asia. 1998.
[26] R.Rosa, R. Andini, dan K. Raharjo, “Pengaruh Pajak, Tunneling Incentive, Mekanisme Bonus, Debt Covenant dan Good Corporate Governance (GCG) Terhadap Transaksi Transfer Pricing (Studi pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2013–2015)”. Journal of Accounting, 3(3) 2017
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.
