FINANCIAL RESTRICTION AND TAX AGGRESSIVITY: AN ANALYSIS TO
FROM AN ALTERNATIVE PROXY.
Name: WIVES LEAL DE SOUZA
Publication date: 22/12/2020
Advisor:
Name |
Role |
|---|---|
| VAGNER ANTONIO MARQUES | Advisor * |
Examining board:
| Name |
Role |
|---|---|
| EDUARDO JOSÉ ZANOTELI | Internal Examiner * |
| VAGNER ANTONIO MARQUES | Advisor * |
Summary: Taxation tends to reduce the investor's profitability, increase the prices of products and services and discourage, consequently, consumption, occurring in the dead weight of the tax. To compete in the market with lower prices and more obtaining, as companies resort to tax planning practices, in order to reduce the impact of the tax burden. This work aimed to analyze the relationship between financial restrictions and tax aggressiveness of companies listed in [B]³, introducing the tax burden as an alternative proxy in this relationship. The descriptive, documentary study with a quantitative approach analyzed secondary accounting and financial data from 370 Brazilian non-financial companies with securities traded on [B] ³ in the period 2010-2019. An analysis was carried out by means of descriptive statistics, tests of differences
between means, correlation and regression analysis with panel data, analyzing as the main proxies of tax aggressiveness (BTD and ETR and their variants) and financial constraint (KZ Index). The results showed that companies with high levels of tax burden become more aggressive in the tax sphere than the others when they are in financial difficulties. The present study contributes to support the importance of tax content as a quality information source capable of contributing to the forecast of financial restrictions and bankruptcy of firms, bringing with them the tax burden as an alternative proxy
