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Contact Name
Perdana Wahyu Santosa
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perdanaws@gmail.com
Phone
+6281188809646
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info-mbs@sanscientific.com
Editorial Address
SAN Scientific Office 3 Point Building, 4th Floor, Jl. Tebet Raya No. 90, Jakarta Selatan, DKI Jakarta, Indonesia 12820
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Kota adm. jakarta selatan,
Dki jakarta
INDONESIA
Taxation and Public Finance
ISSN : -     EISSN : 30317665     DOI : 10.58777/tpf
Core Subject : Economy,
The Taxation and Public Finance TPF is an open-access and peer-reviewed journal that publishes theoretical and empirical research and review articles on all aspects of taxation and public finance study-related topics. The journals mission is to offer a forum for the growing amount of scholarly research on taxation and public finance study and the organizations in which they operate. The journal emphasizes theoretical advancements and their application and empirical, practical, and policy-oriented research in other national and global communities. The TPF examines various decisions, processes, and activities in the innovation and technology settings taxation and public finance policy. The TPF is published for researchers, scholars, and executives alike. The journal aids the application of empirical research to practical situations and theoretical findings to the reality of the business community world. The journal aims to promote communication and collaboration between and among academic and other research groups, as well as policymakers and operational decision-makers at private and public institutions, national and global, and their regulators.
Articles 20 Documents
Evaluating Precision: Comparing Altman, Springate, Zmijewski, and Grover Models in Financial Distress Prediction Fadia, Natasya Aqilla; Simon, Zainal Zawir
Taxation and Public Finance Vol. 2 No. 1 (2024): DECEMBER 2024
Publisher : Santoso Academy Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/tpf.v2i1.284

Abstract

This research examines the accuracy of Altman, Springate, Zmijewski, and Grover methods in predicting financial distress at PT Garuda Indonesia Tbk during 2017–2021. The population comprises all financial reports of the company, with a saturated sampling technique applied. Data collection utilized documentation methods, and analysis involved descriptive tests and accuracy level evaluations. Results indicate that the Zmijewski method is the most accurate, with an 80% accuracy rate, followed by the Altman method at 60%, and both Springate and Grover methods at 40%. The Zmijewski method shows the highest Type I error rate at 20%, while Altman, Springate, and Grover methods have 0% Type I error rates. Regarding Type II errors, Zmijewski exhibits the highest rate at 80%, Grover at 60%, Altman at 40%, and Springate at 20%. The findings suggest that financial distress prediction methods are valuable tools for management to monitor the company's financial health and ensure operational sustainability. Adopting accurate prediction models can support decision-making and mitigate risks associated with financial distress
Exploring the Impact of Taxes, Firm Size and Bonus Mechanisms on Transfer Pricing Decisions Hidayah, Nisa Ulil; Madjid, Suhirman
Taxation and Public Finance Vol. 2 No. 1 (2024): DECEMBER 2024
Publisher : Santoso Academy Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/tpf.v2i1.293

Abstract

This research examines the impact of tax variables, company size, and bonus mechanisms on corporate decisions to engage in transfer pricing. The study focuses on manufacturing companies listed on the Indonesia Stock Exchange (BEI) during the 2014–2016 period, with 34 firms selected using the purposive sampling method. Secondary data was analyzed using multiple linear regression with a 5% significance level, processed through SPSS v.20 software. Findings reveal that tax variables, company size, and bonus mechanisms positively influence transfer pricing decisions. This suggests that companies leverage these factors to optimize tax burdens while adhering to internal and external incentives. The managerial implications underscore the importance of understanding international tax structures and regulations to implement legal transfer pricing strategies effectively. This study contributes original insights by integrating the bonus mechanism as a key determinant in transfer pricing, highlighting how internal compensation influences managerial decisions. The use of purposive sampling and robust statistical methods provides actionable recommendations for both regulators and corporate management. These findings encourage balancing tax optimization with ethical and compliance considerations, ensuring sustainable and transparent transfer pricing practices.
The Effect of Regional Expenditure, Balancing Funds and BPK Audit Findings on Regional Government Financial Performance Indriani, Rima; Komala, Lenda
Taxation and Public Finance Vol. 2 No. 1 (2024): DECEMBER 2024
Publisher : Santoso Academy Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/tpf.v2i1.297

Abstract

Performance measurement is a key strategy for local governments in achieving good governance. This study examines the impact of balancing finances, regional expenditures, and Supreme Audit Agency (BPK) audit results on the financial performance of DKI Jakarta’s local government from 2010 to 2016. Secondary data was sourced from DKI Jakarta’s Regional Government Financial Reports and Budget Realization Reports, with the census method used to analyze all budget realization data during the period. Multiple linear regression was applied as the analytical technique. The results indicate that regional spending, balancing funds, and BPK audit findings significantly influence the financial performance of local governments. These findings emphasize the importance of efficient and targeted regional expenditure allocations. Additionally, local governments must address BPK audit findings with urgency to enhance governance and transparency. Utilizing financial data and audit findings as a foundation for decision-making can further strengthen financial management. Managerial implications suggest that local governments should optimize resource allocation and integrate audit results into strategic planning to improve fiscal accountability. By doing so, they can promote effective financial governance, ensuring public funds are used responsibly to achieve development goals and enhance public trust.
Accuracy of the Financial Distress Model in Transportation Firms: Altman, Springate and Grover Model Nurul CH, Florine; Sulistyowati, Sulistyowati; Rusli, Devvy; Rohmah, Annisa; Suprati, Diana
Taxation and Public Finance Vol. 2 No. 1 (2024): DECEMBER 2024
Publisher : Santoso Academy Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/tpf.v2i1.362

Abstract

This study analyzes the comparison of financial distress prediction models in transportation firms listed on the Indonesia Stock Exchange during 2018–2020. Using a quantitative approach and secondary data, the study focuses on a sample of 7 firms selected through purposive sampling from a population of 27 firms. The analysis evaluates the Altman, Springate, and Grover models for their accuracy and error rates. Results show that the Altman and Springate models exhibit identical accuracy and error rates, with an accuracy level of 42.56% and an error rate of 57.14%. In contrast, the Grover model demonstrates superior performance with an accuracy level of 85.71% and an error rate of 14.29%. These findings establish the Grover model as the most accurate tool for predicting financial distress among the models tested. Managerial implications highlight the importance of utilizing accurate financial distress prediction models to identify potential financial issues early. This can aid transportation firms in improving financial management and ensuring operational sustainability. By adopting effective prediction models like the Grover model, firms can strengthen their capacity to mitigate risks associated with financial instability
Driving Transparency: The Impact of Corporate Governance on Environmental Disclosure Susanti, Lasmita; Syafaruddin, Ade Syamsul
Taxation and Public Finance Vol. 2 No. 1 (2024): DECEMBER 2024
Publisher : Santoso Academy Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/tpf.v2i1.363

Abstract

This study aims to examine the effect of Corporate Governance on Environmental Disclosure with Firm Size and Leverage as control variables. This study uses quantitative methods. This study uses secondary data that is quantitative in the form of annual financial reports listed on the Indonesia Stock Exchange (IDX). The object of this study is to identify energy sector companies listed on the IDX between 2020-2022. The data analysis method uses statistical analysis using the Multiple Linear Regression equation. Logistic regression testing. Sample selection is done by purposive sampling. The results of this study show that institutional ownership does not affect environmental disclosure, Independent commissioners have no effect on environmental disclosure, Audit committees do not affect environmental disclosure, Firm size has no effect on environmental disclosure, and Leverage has no effect on environmental disclosure. The managerial implications of the influence of corporate governance on environmental disclosure can be seen as a need for companies to improve the quality of governance to support environmental transparency and accountability. A competent, independent, and diverse board of directors plays an important role in ensuring that environmental policies are not only met as a formality but also become an integral part of the company's strategy.
Impact of Sales Growth, Corporate Risk, Profitability, and Liquidity on Tax Avoidance Strategies Sari, Indah Rahma; Madjid, Suhirman
Taxation and Public Finance Vol. 2 No. 2 (2025): JUNE 2025
Publisher : Santoso Academy Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/tpf.v2i2.366

Abstract

This study seeks to examine the impact of sales growth, company risk, profitability, and liquidity on tax avoidance. The research focuses on manufacturing firms within the pharmaceutical and healthcare sectors. Employing a quantitative research methodology, the study drew its sample from 10 firms selected through purposive sampling. Secondary data were gathered from the financial statements of these firms. The analysis was conducted using multiple linear regression techniques, incorporating descriptive statistical analysis, classical assumption tests, and hypothesis testing. The findings from the regression analysis indicate that both sales growth and profitability have a negative effect on tax avoidance. At the same time, company risk and liquidity do not significantly influence tax avoidance. This study contributes empirically to the understanding of how internal company factors, such as sales growth and profitability, affect tax avoidance strategies, specifically in the pharmaceutical and healthcare manufacturing sectors in Indonesia. Additionally, it serves as a practical reference for more ethical and effective tax planning. The managerial implications suggest that firms should carefully manage these factors to achieve a balance between optimizing tax liabilities and meeting their tax obligations.
Enhancing Firm Value: The Role of Managerial Ownership, Independent Commissioners, Audit Quality, and Corporate Social Responsibility Puspitasari, Inggit Dwi; Rahayu, Sovi Ismawati
Taxation and Public Finance Vol. 2 No. 2 (2025): JUNE 2025
Publisher : Santoso Academy Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/tpf.v2i2.367

Abstract

This study aims to investigate the impact of managerial ownership, independent commissioners, audit quality, and corporate social responsibility (CSR) on firm value. It employs a quantitative research approach and focuses on a sample of companies within the primary consumer goods sector. The sampling method utilized is purposive sampling, resulting in a total of 23 companies. Secondary data, specifically the financial statements of these companies, were obtained from the official website of the Indonesian Stock Exchange (IDX). The analysis is conducted using multiple linear regression. The findings reveal that managerial ownership, audit quality, and CSR have a significant positive effect on firm value. In contrast, the variable of independent commissioners does not exhibit a significant impact on firm value. This study contributes to the existing literature by providing empirical evidence regarding governance and CSR practices that enhance firm value in emerging markets. It provides valuable insights for stakeholders seeking to enhance corporate governance mechanisms. From a managerial perspective, the results suggest that companies should enhance governance frameworks by increasing managerial ownership and ensuring that independent commissioners play an active role in strategic oversight. Additionally, prioritizing good audit quality is essential for improving transparency and fostering stakeholder trust.
Impact of Corporate Social Responsibility, Managerial and Institutional Ownership, on Financial Performance and Firm Value Annisha Fitriana; Komala, Lenda
Taxation and Public Finance Vol. 2 No. 2 (2025): JUNE 2025
Publisher : Santoso Academy Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/tpf.v2i2.369

Abstract

This study aims to examine the impact of Corporate Social Responsibility (CSR), Managerial Ownership, and Institutional Ownership on Financial Performance and Firm Value within 10 food and beverage sub-sector Firms listed on the IDX from 2017 to 2021. The analysis employs Panel Data Analysis using the Eviews application. The findings reveal that both CSR and Managerial Ownership exert a significant positive influence on Financial Performance, while Institutional Ownership does not demonstrate a statistically significant effect. Conversely, Managerial Ownership negatively affects Firm Value, whereas CSR and Institutional Ownership show no significant impact on Firm Value. When analyzed together, the CSR Ratio, Managerial Ownership, and Institutional Ownership significantly affect both Financial Performance and Firm Value. This study enriches academic discourse by enhancing the understanding of how CSR, managerial ownership, and institutional ownership collectively influence financial performance and firm value. For practitioners, the insights provided can inform strategies for optimizing ownership structures and CSR initiatives to improve financial outcomes and market valuation. The managerial implication is that Firms should strategically incorporate CSR programs to foster sustainable social and economic value.
Assessing the Effect of Tax Policy Changes on Compliance in Payment and Reporting by Small Enterprises: A Study at the South Bekasi Tax Office Loen, Mishelei; Hayuningtyas, Hayuningtyas; Agustiningtyas, Indie
Taxation and Public Finance Vol. 2 No. 2 (2025): JUNE 2025
Publisher : Santoso Academy Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/tpf.v2i2.408

Abstract

This study analyzes the impact of changes in MSME tax rates and tax sanctions on taxpayer compliance in terms of payment and reporting. Using a quantitative descriptive approach, data were collected through questionnaires with a purposive sampling method, involving 92 Micro, Small, and Medium Enterprises (MSMEs) in Bekasi City. Data analysis employed simple and multiple linear regression techniques. The results show that MSMEs tax rates have a positive and significant effect on taxpayer compliance, with a coefficient of determination of 0.434. Tax sanctions also positively and significantly influence compliance. Moreover, both tax rates and sanctions have a combined positive and significant impact on fulfilling tax obligations. This indicates that changes in tax policy can directly affect the compliance behavior of small businesses. Partial and joint effects demonstrate that both elements are important in shaping tax behavior. The study suggests that tax authorities should implement fair, transparent policies, supported by effective communication and education. Simplifying procedures and offering support can foster greater voluntary compliance, ultimately strengthening the relationship between MSMEs and the tax office. These findings underline the need for a balanced approach that integrates enforcement with facilitation to enhance tax compliance among small enterprises.
Corporate Investment Dynamics: The Effect of Operating Efficiency and Financial Leverage on Capital Expenditure Md. Adnan Ahmed; Aziza Akhter
Taxation and Public Finance Vol. 2 No. 2 (2025): JUNE 2025
Publisher : Santoso Academy Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/tpf.v2i2.448

Abstract

This study investigates the effects of operating efficiency and financial leverage on the investment decisions of non-financial listed firms on the Dhaka Stock Exchange, while accounting for factors such as firm age, size, profitability, economic growth, and the impacts of COVID-19. Utilizing a comprehensive dataset that encompasses a wide range of non-financial firms, the analysis applied both the Random Effects model and the Panel-Corrected Standard Errors (PCSE) model to ensure robustness in the results. The findings indicate that both operating efficiency, as measured by asset turnover, and financial leverage significantly influence corporate investment decisions across both models. Notably, firms demonstrating higher operating efficiency are more likely to elevate their capital expenditures, whereas financial leverage tends to have a detrimental effect on corporate investment. Additionally, the analysis of control variables offers further insights into how these factors shape investment behavior. The results highlight the critical role of effective resource management and cautious financial strategies in steering corporate investment decisions. This study enhances our understanding of investment behavior in non-financial firms and points to potential avenues for future research, including the investigation of additional variables and sector-specific analyses.

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