Firm attributes effect on Corporate Tax Planning: Nigerian quoted manufacturing firms in perspective
Firm attributes effect on Corporate Tax Planning: Nigerian quoted manufacturing firms in perspective

Summary/Abstract: The impact of business characteristics on tax planning among Nigerian listed manufacturing enterprises was examined in this study. The study used an ex-post facto approach, collecting secondary data from these firms' published annual reports from 2012 to 2021. Ordinary Least Squares (OLS) was used to test the hypotheses at the 5 percent level. The findings showed that tax planning and company profitability (FIP) had a positive and significant association (P < 0.05), whereas board independence (BOI) and tax planning had a positive and negligible link (Pi> 0.05). The study came to the conclusion that these firms' tax planning is greatly impacted by firm features. Consequently, it suggested that firms should enhance their financial management systems and maintain transparency in reporting. Additionally, enhancing the independence, diversity, and expertise of boards can create a better environment for ethical decision-making, including responsible tax planning.

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