Financial Distress, Firm Size, and Transfer Pricing Drive Tax Avoidance in Indonesian Mining Companies

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Indonesian publicly traded mining companies engage in tax avoidance strategies driven by internal financial pressures, operational scale, and cross-border transactions, according to a recent study by researchers Burhanudin, Kodriyah, Tri Wahyuni Sukiyaningsih, and Nabila Nurfayza from Universitas Serang Raya. Published in 2026 in the International Journal of Applied Economics, Accounting and Management (IJAEAM), the peer-reviewed study demonstrates that corporate tax planning strategies in Indonesia's natural resource sector are strongly influenced by financial distress, overall company size, and transfer pricing practices. The research provides critical insights into how corporate managers legally minimize corporate tax obligations in an emerging market economy, highlighting significant structural challenges for national revenue collection.

Corporate Tax Behavior in Emerging Resource Economies

Tax collection remains a fundamental source of government revenue in Indonesia, funding public infrastructure, essential social programs, and economic development initiatives. Despite its economic importance, Indonesia's tax-to-GDP ratio historically trails behind regional peers, creating ongoing challenges for national budget sustainability. Within capital-intensive industries such as mining, public corporations possess significant leeway to manage financial reporting and strategic tax planning. Because corporate tax avoidance operates within legal boundaries while exploiting statutory ambiguities, identifying its primary determinants is crucial for regulatory bodies, tax policy designers, and financial analysts seeking to close legislative loopholes and safeguard public finance stability.

Quantitative Panel Regression Methodology

To evaluate corporate tax behavior, the research team analyzed empirical financial data from mining sector companies listed on the Indonesia Stock Exchange (IDX) spanning the 2023–2025 period. Using a quantitative, causal-comparative research design, the authors constructed a sample comprising 60 company-year observations. The data were gathered directly from audited corporate annual reports and financial statements. Using the statistical package EViews 12, the researchers conducted panel data regression analysis. Diagnostic procedures—including the Chow test and Lagrange Multiplier test—confirmed that the Common Effect Model (CEM) was the most statistically appropriate estimation model for evaluating the panel dataset.

Key Empirical Findings

The empirical analysis established statistically significant positive relationships between all three hypothesized factors and corporate tax avoidance:

  • Transfer Pricing Impact: Transfer pricing emerged as the single most influential determinant of tax avoidance, recording the highest regression coefficient ($\beta = 0.205355, p = 0.0279$). Companies reporting high proportions of related-party transactions exhibited significantly greater tax avoidance behavior.
  • Firm Size Dynamics: Firm size demonstrated a positive and statistically significant relationship with tax avoidance ($\beta = 0.017570, p = 0.0352$). Larger mining enterprises systematically utilize their superior financial resources, organizational complexity, and specialized tax expertise to execute sophisticated tax planning strategies.
  • Financial Distress Incentives: Financial distress exerted a positive and statistically significant influence on tax avoidance ($\beta = 0.013688, p = 0.0467$). Companies facing financial difficulties systematically escalate tax avoidance activities to preserve liquidity, reduce cash outflows, and maintain operational continuity during periods of financial stress.

Industry and Policy Implications

These findings offer vital practical implications for revenue authorities, financial regulators, and corporate governance practitioners. Because transfer pricing presents the largest channel for tax minimization, tax authorities must prioritize the enforcement of arm's length principles, tighten documentation mandates, and expand corporate audit capacity concerning intra-group transactions. Furthermore, regulatory oversight should be specifically tailored to account for distinct corporate profiles: large firms require close monitoring due to their capability to deploy complex international tax planning structures, while financially distressed companies warrant targeted scrutiny as liquidity pressures frequently drive aggressive cash-preservation tactics.

"Transfer pricing, firm size, and financial instability all have a positive and significant impact on tax avoidance. These findings suggest that companies with higher levels of related-party transactions, larger organizational sizes, and financial challenges are more likely to employ tax evasion tactics," state lead researchers Burhanudin, Kodriyah, Tri Wahyuni Sukiyaningsih, and Nabila Nurfayza of Universitas Serang Raya.

Author Profiles

  • Burhanudin, M.Si. – Researcher and academic in accounting and financial management at Universitas Serang Raya, specializing in corporate tax strategies and corporate reporting.
  • Kodriyah, M.Si. – Corresponding author and faculty member at Universitas Serang Raya, expert in financial accounting, corporate tax avoidance, and empirical capital market research.
  • Tri Wahyuni Sukiyaningsih, M.Si. – Scholar at Universitas Serang Raya focusing on corporate finance, accounting information systems, and tax compliance.
  • Nabila Nurfayza, S.Ak. – Financial researcher at Universitas Serang Raya specializing in empirical tax analysis and corporate financial distress evaluation.

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