Value relevance of the level of adjustments that reduce profit for taxation of industries listed on B3

Authors

  • Hélio Felipe Freitas de Almeida Silva Universidade Federal de Alagoas, Campus Sertão, Brasil https://orcid.org/0000-0003-3190-4929

    Mestre pela Universidade Federal de Pernambuco. Docente em la Universidade Federal de Alagoas  – Campus Sertão.
  • Luiz Carlos Marques dos Anjos Universidade Federal de Pernambuco, Brasil https://orcid.org/0000-0002-7375-540X

    Doutor pela Universidade de Brasília. Magister por la Universidade Federal de Pernambuco. Docente em la Universidade Federal de Pernambuco  – Departamento de Ciências Contábeis e Atuariais.
  • Mateus Alexandre Costa dos Santos Universidade Federal da Paraíba, Brasil https://orcid.org/0000-0002-1082-9491

    Doutor e mestre pela Universidade de Brasília. Docente em la Universidade Federal da Paraíba  – Departamento de Finanças e Contabilidade. Auditor da Receita Federal do Brasil.

DOI:

https://doi.org/10.18800/contabilidad.202001.008

Keywords:

Value relevance, Tax disclosure, Aggressive tax strategy

Abstract

The objective of this research was to verify the value relevance of the levels of disclosure of tax information and adjustments to taxable income evidenced by the industries listed in B3. To obtain the results, we analyzed the accounting-tax data of all the industries listed in B3, which made their information available on their official websites. The period of the study comprised the years 2013 to 2015. The data were analyzed based on linear regression models, with the rate of return of the Brazilian companies listed in B3 as dependent variable. These findings suggest that the levels of disclosure of tax information and aggressive tax strategies evidenced by the Brazilian industries listed in B3 are not significantly relevant to the rate of return on the price of their shares. Therefore, studies that encourage the improvement of tax information and the improvement of tax planning are suggested.

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Published

2020-08-17

How to Cite

Freitas de Almeida Silva, H. F., Marques dos Anjos, L. C., & Costa dos Santos, M. A. (2020). Value relevance of the level of adjustments that reduce profit for taxation of industries listed on B3. Contabilidad Y Negocios, 15(29), 127–147. https://doi.org/10.18800/contabilidad.202001.008

Issue

Vol. 15 No. 29 (2020)

Section

Taxation

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.