TAX PLANNING AND CORPORATE SOCIAL RESPONSIBILITY (CSR) OF LISTED DMBS IN NIGERIA

Authors

Kanu Ozioma Kanu Ozioma, Professional Accountant, Gombe Nigeria.
Ahmed Ishaku Department of Accounting, Gombe State University, Nigeria
Nasiru Muhammed Department of Accounting, Gombe State University, Nigeria
Abdullahi Muhammad Jikan-Jatum Department of Accounting, Gombe State University, Nigeria
Sa’idu Hauwa Department of Accounting, Gombe State University, Nigeria

Tax planning, capital intensity, corporate social responsibility

This study determined the impact of corporate tax planning on corporate social responsibility

(CSR) of listed DMBs in Nigeria. A correlational research design was adopted and secondary

data were extracted from the financial statements of deposit money banks listed in Nigeria.

Multiple regression analysis was used in analyzing the data. The findings revealed that Tax

savings have a negative but not significant influence on the corporate social responsibility of

listed deposit money banks in Nigeria. Capital intensity has a positive and significant influence

on the corporate social responsibility of listed deposit money banks in Nigeria. This implies that

as the capital intensity increase, the expenditure on corporate social responsibility increases,

Bank size have a positive and significant impact on the corporate social responsibility of listed

deposit money banks in Nigeria. Growth has a positive and significant impact on the corporate

social responsibility of listed deposit money banks in Nigeria. However, Bank age has a positive

but not significant impact on the corporate social responsibility of listed deposit money banks in

Nigeria. It is therefore recommended that the management of listed deposit money banks in

Nigeria should engage in tax planning activities and ensure that the tax savings are used to

finance profitable investment opportunities to enable maximization of shareholders' wealth.