Analisis Pengaruh Altman Z-Score dan Good Corporate Governance terhadap Indikasi Tax Avoidance pada Perusahaan Non-Keuangan yang Terdaftar di Jakarta Islamic Index Bursa Efek Indonesia

Abstract

This study aims to analyze the effect of Altman Z-Score and Good Corporate Governance on indications of Tax Avoidance in non-financial companies listed on the Jakarta Islamic Index of the Indonesia Stock Exchange. Good Corporate Governance is measured by the ratio of independent board of commissioners, managerial share ownership, and institutional share ownership, whereas the Altman Z-Score used is a modified version to predict corporate financial distress and Tax Avoidance is measured by the Effective Tax Rate (ETR). Using quantitative methods, this study took a sample of 16 out of 51 companies for the period 2019–2022 through purposive sampling. Data analysis was carried out using multiple linear regression using Eviews 12. The results of the study at a significance level of 5% showed that Altman Z-Score had a negative and significant effect on Tax Avoidance, independent board of commissioners had a negative but insignificant effect, managerial share ownership had a positive and significant effect, and institutional share ownership had a positive but insignificant effect on Tax Avoidance.