Tax Planning

The study examines how political costs of firms in Nigeria influences tax planning. The study concludes political cost and institutional ownership has a negative significant effect on tax planning of listed manufacturing firms in Nigeria. However, profitability and managerial ownership has no insignificant effect on tax planning of listed manufacturing firms in Nigeria during the period under review. Finally, the study conclude that leverage has a positive insignificant effect on tax planning of listed manufacturing firms in Nigeria

This research study aims to investigate the relationship between corporate governance and effective tax planning in FMCG in Nigeria. The research study adopted, collates data through secondary source which is the use of 5-year financial reports summary of selected Fast Moving Consumer Goods firms listed in Nigeria Stock Exchange Market. The study also discussed literatures reviewed by researchers on the concept of effective tax planning, strategies of effective tax planning, concept of corporate governance, concept of corporate governance practices and structure of corporate governance. The study propounded theories that support the study on agency theory, Tables, frequencies and percentages are used to analyse and present data. The study found out that there is no significant relationship between director’s holding and tax planning, board independence have a positive relationship with tax planning, audit committee financial expertise of the firm do not affect tax planning and firm performance have a positive and an insignificant relationship with tax planning. The study recommends that corporate tax behavior should be regulated by the government through the tax rules and corporate governance rules. Relevant tax authorities in Nigeria should always investigate the intention of tax payers before considering whether tax liability will be reduced below normal. As a result of this intention or anticipation of reducing tax burden, the use of independent board members will have an influence on how the corporation performs