Tax Agressiveness, Board Structure, Return on Equity and Industrial Goods


Taxation plays a vital role in financing all government projects and activities, as such the studies of tax agressiveness can assist policy makers and tax authorities in addressing companies illegal tax schemes and taxing business more equitable in the sense that every entity pays their fair share of taxes. The study examines the effect of board structure on tax agressiveness of selected industrial goods companies listed in Nigeria Stock Exchange from 2016-2020. Data were obtained from annual report and account of the companies under investigation. Descriptive statistics, ordinary least square regression technique were used to estimate the model. Hausman's specification test was also conducted to choose between fixed and random effect, the test favoured random effect over fixed effect, the test favoured random effect over fixed effect. The test favoured random effect over fixed effect. The result reveals that firm size (FSZ) and beverage (LEV) are negatively related to tax rate while board size (BZ) independent director (IND) was statistically significant. The study concluded that board size (BZ) has significant role to play in reducing tax aggressiveness of listed industrial goods in Nigeria and as such the study recommends that regulatory bodies should enforce strict compliance to the provisions of the codes of best practices by Nigerian companies.

Author Bio

The author is a staff of Modibbo Adama University, Yola, Adamawa State

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Economics Commons



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