Underreporting income strategies among corporate taxpayers in large taxpayer branch

The purpose of the study is to examine the evidence of underreporting income attributed to corporate taxpayers. This study reveals the underreporting income strategies undertaken by corporate taxpayers based on their characteristics such as size of firm, industry types, director ownership and tax ag...

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Main Author:	Mohd Hafiz, Mohd Yasin
Format:	Thesis
Language:	eng eng eng
Published:	2020
Subjects:	HJ4771.6 Income Tax Tax Returns. HJ Public Finance
Online Access:	https://etd.uum.edu.my/9713/1/s825140_01.pdf https://etd.uum.edu.my/9713/2/s825140_02.pdf https://etd.uum.edu.my/9713/3/s825140_references.docx
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id	my-uum-etd.9713
record_format	uketd_dc
spelling	my-uum-etd.97132023-10-31T02:34:40Z Underreporting income strategies among corporate taxpayers in large taxpayer branch 2020 Mohd Hafiz, Mohd Yasin Abd. Wahab, Muhammad Syahir Tunku Puteri Intan Safinaz School of Accountancy (TISSA) Tunku Puteri Intan Safinaz School of Accountancy (TISSA) HJ4771.6 Income Tax. Tax Returns. HJ Public Finance The purpose of the study is to examine the evidence of underreporting income attributed to corporate taxpayers. This study reveals the underreporting income strategies undertaken by corporate taxpayers based on their characteristics such as size of firm, industry types, director ownership and tax agent status. The study used descriptive research design and descriptive statistics such as tables, frequencies and percentages to analyse the data. Secondary data sources on real corporate tax audit cases resolved by IRBM in 2018 were collected from Tax Operation Department. There are 899 field audit cases resolved for corporate taxpayers but samples selected consisting of 432 resolved cases that involved in underreporting of income in Large Taxpayer Branch. The result of the findings revealed that large firm tends to engage in underreporting income than the medium and small size firm. Meanwhile companies in the professional, scientific and technical industry recorded the highest number of cases involved in underreporting income than those in other industries. Director ownership companies have higher probabilities to underreport income than non director ownership companies. It is also noted that majority of corporate underreporting income cases were appointing non big 4 tax agent than big 4 tax agent as their tax preparer. Finally, the findings also revealed that unallowable expenses claim is the most significant strategy used by companies regardless of their characteristics. Hence this study provides useful feedback to the policy makers to improvised current policies and practices and redesigns an effective tax administration system in order to curb tax non compliance as tax evasion cannot be compromised in Malaysia. 2020 Thesis https://etd.uum.edu.my/9713/ https://etd.uum.edu.my/9713/1/s825140_01.pdf text eng public https://etd.uum.edu.my/9713/2/s825140_02.pdf text eng public https://etd.uum.edu.my/9713/3/s825140_references.docx text eng public other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Abd. Wahab, Muhammad Syahir
topic	HJ4771.6 Income Tax Tax Returns. HJ Public Finance
spellingShingle	HJ4771.6 Income Tax Tax Returns. HJ Public Finance Mohd Hafiz, Mohd Yasin Underreporting income strategies among corporate taxpayers in large taxpayer branch
description	The purpose of the study is to examine the evidence of underreporting income attributed to corporate taxpayers. This study reveals the underreporting income strategies undertaken by corporate taxpayers based on their characteristics such as size of firm, industry types, director ownership and tax agent status. The study used descriptive research design and descriptive statistics such as tables, frequencies and percentages to analyse the data. Secondary data sources on real corporate tax audit cases resolved by IRBM in 2018 were collected from Tax Operation Department. There are 899 field audit cases resolved for corporate taxpayers but samples selected consisting of 432 resolved cases that involved in underreporting of income in Large Taxpayer Branch. The result of the findings revealed that large firm tends to engage in underreporting income than the medium and small size firm. Meanwhile companies in the professional, scientific and technical industry recorded the highest number of cases involved in underreporting income than those in other industries. Director ownership companies have higher probabilities to underreport income than non director ownership companies. It is also noted that majority of corporate underreporting income cases were appointing non big 4 tax agent than big 4 tax agent as their tax preparer. Finally, the findings also revealed that unallowable expenses claim is the most significant strategy used by companies regardless of their characteristics. Hence this study provides useful feedback to the policy makers to improvised current policies and practices and redesigns an effective tax administration system in order to curb tax non compliance as tax evasion cannot be compromised in Malaysia.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Mohd Hafiz, Mohd Yasin
author_facet	Mohd Hafiz, Mohd Yasin
author_sort	Mohd Hafiz, Mohd Yasin
title	Underreporting income strategies among corporate taxpayers in large taxpayer branch
title_short	Underreporting income strategies among corporate taxpayers in large taxpayer branch
title_full	Underreporting income strategies among corporate taxpayers in large taxpayer branch
title_fullStr	Underreporting income strategies among corporate taxpayers in large taxpayer branch
title_full_unstemmed	Underreporting income strategies among corporate taxpayers in large taxpayer branch
title_sort	underreporting income strategies among corporate taxpayers in large taxpayer branch
granting_institution	Universiti Utara Malaysia
granting_department	Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
publishDate	2020
url	https://etd.uum.edu.my/9713/1/s825140_01.pdf https://etd.uum.edu.my/9713/2/s825140_02.pdf https://etd.uum.edu.my/9713/3/s825140_references.docx
_version_	1783729414268256256

Underreporting income strategies among corporate taxpayers in large taxpayer branch

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