EFFECT OF BOARD ATTRIBUTES ON TAX AGGRESSIVENESS OF LISTED CONSUMER GOODS COMPANIES IN NIGERIA

Abstract

This research work examined the effect of board attributes on tax aggressiveness of listed consumer goods companies in Nigeria from 2014 -2020. Data for the study was collected from the annual reports and accounts of the companies and multiple regression analysis was used as a technique for data analysis. The study finds that there is a significant negative relationship between board diversity (BD), board age (BA) and tax aggressiveness using effective tax rate (ETR) as a measure. Board diversity (BD), board independence (BIND) and board financial expertise (BFE) however exhibits a positive significant relationship with ETR. The study recommends that consumer goods firms in Nigeria should always strengthen their board attributes and continue to maximize opportunities and advantages that align to older firms operating in the market for better improvement in operations and increase in tax aggressiveness, since older firms are able to enjoy larger economic of scales.