PENGARUH AGRESIVITAS PAJAK TERHADAP CASH HOLDINGS PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI DASAR DAN KIMIA YANG TERDAFTAR DI BURSA EFEK INDONESIA

This research is aim to prove the association between tax aggressiveness and company cash holdings. The recent research find that companies do tax aggressiveness to increase internal funds of company when experiencing financial constrains. This study examines whether tax aggressiveness may affect the level of corporate cash holdings. The sample consist of 21 basic industrial and chemical manufacturing companies from 2016-2017, with a total 42 observation. The research method uses multiple regression analysis. Tax aggressiveness is measured by effective tax rate and cash holdings measured using the ratio of cash and cash equivalens. This study find that corporate cash holdings increase, when companies are more effective in paying taxes