<![CDATA[This study aims to examine and analyze the effect of tax aggressiveness on firm value with foreign ownership as a moderating variable in healthcare sector companies listed on the Indonesia Stock Exchange (IDX) for the 2022-2024 period. The population in this study includes all healthcare companies listed on the IDX, with the sampling technique using a purposive sampling method resulting in 48 observation data during the observation period. The data analysis techniques used are multiple linear regression and Moderated Regression Analysis (MRA) through SPSS software. The results of this study indicate that partially, tax aggressiveness does not affect firm value. This indicates that investors tend to be neutral towards management's tax-saving strategies and prioritize more stable performance indicators. Foreign ownership was also found to have no effect on firm value, which is suspected because the percentage of ownership is relatively small so it does not have strong enough managerial control to influence market value. Furthermore, foreign ownership does not indicate that foreign oversight is ineffective in influencing market responsses to tax practices. Conversely, the profitability control variable indicates that profit-generating capacity remains a key signal for investors. Meanwhile, firm size has a negative and significant effect, and leverage has no significant effect on firm value. This study confirms that in the post-pandemic era, investors in the healthcare sector place greater emphasis on profitability than on ownership structure or tax policy..]]>
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