Ilomata International Journal of Tax and Accounting <div> <div>Ilomata International Journal of Tax and Accounting is a periodical scientific journal that aims to publish original research articles on tax and accounting that can be integrated with finance and tax law. Ilomata International Journal of Tax and Accounting is published four times a year (January, April, July, October), and has collaborated with the Indonesian Fiscal and Tax Administration Association. Ilomata International Journal of Tax and Accounting is indexed in Science Technology Index, Directory of Open Access Journal (DOAJ), Garba Rujukan Digital (GARUDA), Google Scholar, Crossref, and Dimensions.Please visit this page <a href=""></a> to submit to this journal.<a title=" Journal History" href=""> Journal History</a></div> </div> <div>&nbsp;</div> en-US <p><a href="" rel="license"><img style="border-width: 0;" src="" alt="Creative Commons License"></a><br>This work is licensed under a <a href="" rel="license">Creative Commons Attribution 4.0 International License</a>.</p> (Novianita Rulandari) (Putri Ayu Lestari) Fri, 16 Jun 2023 00:00:00 +0000 OJS 60 Analysis of Tobin's Q, Market to Book Value of Equity and Profitability (ROA), on Asset Growth in Property Companies on the Indonesia Stock Exchange (IDX) <p>This study aims to determine, analyze, and test Tobin's q, market-to-book value of equity and profitability (ROA), on asset growth in property companies on the Indonesia Stock Exchange (IDX). This study uses a quantitative descriptive approach with the support of a panel regression model, which is used as a predictive analysis tool. The sampling technique used a non-probability random sampling approach with a purposive sampling method. The results of this study indicate that the independent variables (Tobin's q (TQ), MBV, and ROA) both simultaneously or together and partially or individually have no effect on the dependent variable (asset growth). The R square value, or the coefficient of determination (R2), is 0.54. This shows the ability of Tobin's q (TQ), MBV, and ROA to explain the growth of assets of property companies listed on the Indonesia Stock Exchange by 54%, or, in other words, the ability of Tobin's q (TQ), MBV, and ROA to have an effect of 54% on asset growth variables. Meanwhile, the remaining 46% is influenced by other variables not discussed in this study.</p> Sari Bulan Tambunan Copyright (c) 2023 Sari Bulan Tambunan Fri, 16 Jun 2023 06:12:27 +0000 Repeated Tax Amnesties in Indonesia: An Evaluation of Tax Compliance <p>For some countries, tax amnesty is viewed as a shortcut tool to raise additional tax revenue. However, many of them seem to be unaware of the medium to long-term impact to tax compliance. This study aims to evaluate the impact of repeated tax amnesties in Indonesia from a tax compliance perspective. It focuses on the medium to long-term effects and uses income tax revenue as a variable to measure tax compliance. The research methods employed in the study are both qualitative and quantitative, allowing for a comprehensive examination of the topic. One important aspect of the study is the use of time series analysis with an ARIMA model to analyse the income tax revenue. This analysis helps in understanding the trends and patterns in income tax revenue over time and allows for the identification of any significant changes or impacts caused by the tax amnesties. The findings in this study align with other previous research, which indicate that tax amnesty does not affect long-term tax revenue and may adversely influence medium to long-term compliance. It can also cause a decline in short-term compliance, particularly when taxpayers expect repeated amnesties.</p> Indradi Copyright (c) 2023 Indradi Fri, 16 Jun 2023 00:00:00 +0000 The Effect of Changes in Layers of Taxable Income Article 17 of the Law on Cost of Goods Sold, Reporting of Individual Tax Returns and Taxpayer Awareness of Income Tax Receipt at the Pratama Sawah Besar One Tax Service Office <p>This study aims to determine the magnitude of the influence of changes in layers of taxable income Article 17 of the HPP Act, reporting of individual tax returns and awareness of taxpayers simultaneously on income tax receipts at KPP Pratama Sawah Besar One. This study used a quantitative method by distributing questionnaires to 145 respondents and using a purposive sampling technique. Data analysis was carried out by validation test, reliability test, classic assumption test, then the data was tested by multiple linear regression analysis, T test, F test, correlation coefficient (R), and coefficient of determination (R2). The results of this study are based on testing the hypothesis by using the T test and F test, changes in layers of taxable income under Article 17 of the HPP Law, individual SPT reporting and taxpayer awareness have a positive and significant effect on income tax receipts. The test results of the coefficient of determination (R2) of 0.883 can be stated that the Effect of Changes in Layers of Taxable Income Article 17 of the HPP Law (X1), Individual SPT Reporting (X2) and Taxpayer Awareness (X3) on Income Tax Receipts (Y) is 88.3%, the remaining 11.7% is influenced by other variables not examined in this study.</p> Novianita Rulandari, Salsabila Rahmayani Copyright (c) 2023 Novianita Rulandari, Salsabila Rahmayani Fri, 28 Jul 2023 07:00:04 +0000 The Effects of Ownership Concentration, Company Size, and Profitability on Internet Financial Reporting <p><span style="font-weight: 400;">As we have entered the digital age, a shift has occurred in which the internet has considerably become a significant aspect in all sectors.&nbsp; Not only individuals but also organizations use internet for a number of purposes. </span><span style="font-weight: 400;">Internet financial reporting (IFR) is a company web-based information</span><span style="font-weight: 400;"> provided to stakeholders with the aim of </span><span style="font-weight: 400;">disclosing</span><span style="font-weight: 400;"> information and </span><span style="font-weight: 400;">minimizing</span><span style="font-weight: 400;"> information gaps. </span><span style="font-weight: 400;">The data in this study are taken from the energy company&nbsp; listed in</span><span style="font-weight: 400;"> the Indonesian Stock Exchange (IDX). </span><span style="font-weight: 400;">The objective of this study was to analyze the effects of ownership concentration, company size, and profitability on IFR using purposive sampling technique, generated from the total of 144 samples comprising 48 companies with a period of 3 years</span><span style="font-weight: 400;">. The regression method in this study uses panel data regression. The results </span><span style="font-weight: 400;">indicate</span><span style="font-weight: 400;"> that ownership concentration, company size, and profitability simultaneously affect IFR. Partially, independent variable company size positively and significantly affect internet financial reporting, while ownership concentration and profitability do not affect IFR as the dependent variable.</span></p> Tri Utami Lestari, Muhammad Nur Fauzi Copyright (c) 2023 Tri Utami Lestari, Muhammad Nur Fauzi Mon, 31 Jul 2023 00:00:00 +0000 The Moderation Role of Tax Rate Reduction and Firm Size on the Effects of Tax Aggressiveness on Company Value <p><span style="font-weight: 400;">This study aims to examine the impacts of reducing tax rates and firm size on tax aggressiveness&nbsp; in regards to the company value in Indonesia. This study used 302 samples of companies with 1,118 observation points within the period of 2017 - 2021. The proxy measurement of tax aggressiveness is with Effective Tax Rate and the company value using Tobins'Q. The research analysis was carried out using multiple regression models of panel data&nbsp; employing fixed effects as the best research model. The results showed that there was no significant effect of aggressive tax on firm value. This study also found that a decrease in tax rates did not affect the relationship between tax aggressiveness and firm value, but firm size did impact on both tax aggressiveness and firm value.</span></p> Faisal Ardhi, Arief Wibisono Lubis Copyright (c) 2023 Faisal Ardhi, Arief Wibisono Lubis Mon, 31 Jul 2023 00:00:00 +0000 The Effects of Green Innovation, Eco-Efficiency, Business Strategy, Technology Information Investment, and Profitability on Firm Value <p><span style="font-weight: 400;">The current economic growth is in line with the increase in the number of business units </span><span style="font-weight: 400;">and</span><span style="font-weight: 400;"> the growth in the number of business units is believed to </span><span style="font-weight: 400;">not only</span><span style="font-weight: 400;"> have positive </span><span style="font-weight: 400;">but also</span> <span style="font-weight: 400;">the</span><span style="font-weight: 400;"> negative effects on the environment and the earth. For this reason, </span><span style="font-weight: 400;">current</span><span style="font-weight: 400;"> investment decisions by stakeholders are also seen from the company's effort and contribution to the environmental improvement. This study aims to determine the effects of green innovation, eco-efficiency, business strategy, information technology investment, and profitability on firm value in companies listed on the Indonesia Stock Exchange. In this research, the </span><span style="font-weight: 400;">sources are taken</span><span style="font-weight: 400;"> from the annual report, sustainability report and </span><span style="font-weight: 400;">information on the company</span><span style="font-weight: 400;"> website. The research sample </span><span style="font-weight: 400;">comprising </span><span style="font-weight: 400;">125 companies that met the criteria and are listed on the Indonesia Stock Exchange in 2019-2021. The sampling technique used was purposive sampling and </span><span style="font-weight: 400;">the</span><span style="font-weight: 400;"> hypothesis testing in this study </span><span style="font-weight: 400;">is</span><span style="font-weight: 400;"> multiple linear regression analysis. The results of this study </span><span style="font-weight: 400;">indicate</span><span style="font-weight: 400;"> that cost leadership strategy and profitability have a positive effect on firm value. while green innovation, eco-efficiency, differentiation strategy, and information technology investment have no effect on firm value.</span></p> David Silaban, R.Rosiyana Dewi Copyright (c) 2023 David Silaban, R.Rosiyana Dewi Mon, 31 Jul 2023 00:00:00 +0000 An Empirical Study on the Effects of Managerial Competence on Firm Profitability <p><span style="font-weight: 400;">Profits are generated by managing assets and using them </span><span style="font-weight: 400;">wisely </span><span style="font-weight: 400;">to create revenues that exceed costs. This study aimed to analyse the effects of managerial competence </span><span style="font-weight: 400;">on firm profitability</span><span style="font-weight: 400;"> listed in the Dar es Salaam stock exchange (DSE). The quantitative research design was used to collect, analyse and interpret data </span><span style="font-weight: 400;">in this research while</span><span style="font-weight: 400;"> Panel Regression Model was </span><span style="font-weight: 400;">selected</span><span style="font-weight: 400;"> to analyse the influence of Managerial competence on profitability of listed firms. POLS technique was used to check robustness </span><span style="font-weight: 400;">and</span><span style="font-weight: 400;"> Diagnostic tests were used to meet the criteria of regression analysis. The regression analysis </span><span style="font-weight: 400;">indicate</span><span style="font-weight: 400;"> that managerial competence had a significant effect on firm profitability. Raising managerial competence has the potential to significantly increase business profitability, as managers play a key role in an organization's overall functioning. The researchers suggested that shareholders should thoroughly analyse potential managers' competencies and credentials before allocating managerial duties since hiring a competent management team is likely to have a beneficial impact on the firm's profitability. Shareholders should strive to reduce the risk of choosing managers who lack the requisite abilities to maximize the firm's profitability by performing due diligence in the selection process.</span></p> Beny Mwenda, Magwana Ngollo, Amosi Mwasota Copyright (c) 2023 Beny Mwenda, Magwana Ngollo, Amosi Mwasota Mon, 31 Jul 2023 00:00:00 +0000 The Tax Revenue from Agriculture and Manufacturing Sectors in Lower Middle-Income Countries with Exchange Rate as a Moderating Variable <p><span style="font-weight: 400;">Middle-income trap triggers the middle-income countries to boost their economic growth. As tax revenue has causal relationship with economic growth, it is essential to conduct a study </span><span style="font-weight: 400;">on</span><span style="font-weight: 400;"> how to improve tax revenue. </span><span style="font-weight: 400;">Considering</span><span style="font-weight: 400;"> the potential of agriculture and manufacturing </span><span style="font-weight: 400;">sectors</span><span style="font-weight: 400;"> in lower middle-income countries, </span><span style="font-weight: 400;">particularly</span><span style="font-weight: 400;"> in East Asia and Pacific Regions one of which is Indonesia, this study aims to determine </span><span style="font-weight: 400;">the effects of </span><span style="font-weight: 400;">both sectors on tax revenue in </span><span style="font-weight: 400;">the respective regions</span><span style="font-weight: 400;">. This study uses exchange rate as moderating variable and foreign direct investment (FDI) as control variable. The utilization of the two variables</span><span style="font-weight: 400;"> becomes</span><span style="font-weight: 400;"> the novelty of this study</span><span style="font-weight: 400;"> since researches that uses the two variables have never been conducted.</span> <span style="font-weight: 400;">In addition, no references of former studies concerning the effects of the two sectors on tax revenue in lower middle-income countries found</span><span style="font-weight: 400;">. The research is conducted from 2002 to 2019 by using panel data multiple linear regression analysis method. By using fixed effect model and ridge regression model, </span><span style="font-weight: 400;">it is&nbsp; indicated</span><span style="font-weight: 400;"> that before the moderation is carried out, agriculture has a negative effect and manufacture has a positive effect on tax revenue. However, after the variables are moderated with exchange rate, the interaction of agriculture and exchange rate has positive effect on tax revenue, while the interaction of manufacture and exchange rate has negative effect on tax revenue. This study implies that to optimize a country's tax revenue, apart from focusing on optimizing agriculture or manufacture, exchange rate condition needs to be considered.</span></p> Destiny Wulandari, Suparna Wijaya Copyright (c) 2023 Destiny Wulandari, Suparna Wijaya Mon, 31 Jul 2023 00:00:00 +0000 Tax Revenue, FDI, and Agricultural Sector: A Dynamic Interaction with Regulatory Quality as the Moderation <p><span style="font-weight: 400;">This study aims to analyze the effect of Foreign Direct Investment (FDI), and share of agriculture on Tax Revenue in ASEAN countries with Regulatory Quality as the moderating variable. The research method used is descriptive quantitative with panel data regression analysis </span><span style="font-weight: 400;">and the</span><span style="font-weight: 400;"> econometric model is estimated by Panel Corrected Standard Errors (PCSE). The result </span><span style="font-weight: 400;">indicates</span><span style="font-weight: 400;"> that FDI, share of agriculture</span><span style="font-weight: 400;">, regulatory</span><span style="font-weight: 400;">-quality-moderated FDI and share of agriculture simultaneously have a significant effect on Tax Revenue. Partially, the result shows that FDI has a positive and significant effect on Tax Revenue. Regulatory Quality and Share of Agriculture </span><span style="font-weight: 400;">have </span><span style="font-weight: 400;">no effect on Tax Revenue. </span><span style="font-weight: 400;">Furthermore</span><span style="font-weight: 400;">, Regulatory Quality weakens the positive relationship of FDI and Tax Revenue, </span><span style="font-weight: 400;">whereas</span><span style="font-weight: 400;"> Regulatory Quality</span><span style="font-weight: 400;"> strengthens </span><span style="font-weight: 400;">the negative relationship </span><span style="font-weight: 400;">between</span><span style="font-weight: 400;"> Share of Agriculture and Tax Revenue. Based on the </span><span style="font-weight: 400;">generated results</span><span style="font-weight: 400;">, there will be a necessity for government to create a comprehensive economic and fiscal policy to increase tax revenue and to strengthen the tax base in the ASEAN countries.</span></p> Firda Maharani Anwar, Suparna Wijaya Copyright (c) 2023 Firda Maharani Anwar, Suparna Wijaya Mon, 31 Jul 2023 00:00:00 +0000 The Influence of Operating Cash Flows, Investments Cash Flow, and Funding Cash Flow on the Company Value in Technology Sector <p><span style="font-weight: 400;">Investors use</span><span style="font-weight: 400;"> the company value</span><span style="font-weight: 400;"> as one of the benchmarks in investing the </span><span style="font-weight: 400;">capital since </span><span style="font-weight: 400;">the value is generated from the share price with the basis of the company performance and the public assessment on that performance. </span><span style="font-weight: 400;">The company value can be measured by</span> <em><span style="font-weight: 400;">Price Earning Ratio</span></em><span style="font-weight: 400;"> (PER), </span><em><span style="font-weight: 400;">Price Book Value</span></em><span style="font-weight: 400;"> (PBV), and Tobin's Q. </span><em><span style="font-weight: 400;">Price Book Value </span></em><span style="font-weight: 400;">is selected in this research</span> <span style="font-weight: 400;">as its measurement</span><em><span style="font-weight: 400;">. </span></em><span style="font-weight: 400;">The research subjects were technology-</span><span style="font-weight: 400;">based </span><span style="font-weight: 400;">companies listed in the Indonesian stock exchange. </span><span style="font-weight: 400;">From</span><span style="font-weight: 400;"> the data obtained, it was indicated that there were fluctuations in the value of technology-based companies. </span><span style="font-weight: 400;">This is a dilemma for both the companies and the investors on the grounds that not only the management but also the investors expect the company value to consistently increase. The research sample were 28 companies that met the criteria, within the periods of 2019-2022. The method used was&nbsp; quantitative research with multiple regression analysis as its analytical tool. The results indicated that the operating cash flow, the investment cash flow, and the financing cash flow have no effects on the firm value.</span></p> Herman, Randy Chaidir Copyright (c) 2023 Herman, Randy Chaidir Mon, 31 Jul 2023 00:00:00 +0000 Juridical Analysis of Tax Criminal Law Enforcement: an Overview of Legal Regulations and its Implementation in Indonesia <p><span style="font-weight: 400;">The purpose of this research is to conduct a juridical analysis of criminal law enforcement in the field of taxation in Indonesia. The focus of this study is to evaluate the effectiveness of legislation and its implementation in combating tax crimes. The research method used is a normative juridical approach by examining legislation related to tax crimes, including tax laws, government regulations, and relevant policies. Additionally, an analysis of the legal practices and enforcement of tax crimes in Indonesia is conducted. The research findings indicate that the legislation in the field of taxation has a strong foundation to address tax crimes. However, there are several challenges in its implementation, such as the complexity of tax regulations, lack of adequate human resources and technology, and corruption issues that can affect tax law enforcement. In this context, the research provides recommendations to strengthen the system of criminal law enforcement in tax matters. The recommendations include improving coordination among relevant institutions, enhancing the capacity of human resources in the field of taxation, utilizing information technology to support supervision and tax law enforcement, and increasing transparency and accountability in the process of tax law enforcement. This research is expected to provide a better understanding of the regulation of tax crimes and contribute to the policy and the legislative reforms related to tax law enforcement in Indonesia?</span></p> Heriantonius Silalahi Copyright (c) 2023 Heriantonius Silalahi Mon, 31 Jul 2023 00:00:00 +0000 Maturity Level of Fraud Risk Management in Tax Institutions in Indonesia <p><span style="font-weight: 400;">This study aims to determine the maturity level of fraud risk management in the tax payer compliance supervision function at the head office level </span><span style="font-weight: 400;">run by VW and the XYZ units.</span> <em><span style="font-weight: 400;">The Enterprise Anti-Fraud Maturity Assessment Model</span></em><span style="font-weight: 400;"> was implemented</span> <span style="font-weight: 400;">to provide</span><span style="font-weight: 400;"> a clear picture of conditions and effectiveness, as well as </span><span style="font-weight: 400;">the existing</span><span style="font-weight: 400;"> gaps between the implementation and ideal conditions based on the principles of COSO Fraud Risk Management. The descriptive qualitative research uses a case study approach by collecting data </span><span style="font-weight: 400;">from</span><span style="font-weight: 400;"> semi-structured interviews with 12 informants involved in risk management and fraud risks handling, then all documents are analyzed. </span><span style="font-weight: 400;">As for the data </span><span style="font-weight: 400;">analysis technique, content analysis </span><span style="font-weight: 400;">is selected</span><span style="font-weight: 400;">. The purpose of this study is to provide a tool for DGT (The Directorate General of Taxes) to determine the role and level of fraud risk management in the taxpayer compliance supervision function. </span><span style="font-weight: 400;">The results which are at level 2 (initial) indicate</span><span style="font-weight: 400;"> that there is still a lot of room for improvement </span><span style="font-weight: 400;">in order to achieve the desired maturity level target</span><span style="font-weight: 400;">. DGT, especially the VW unit and XYZ unit, </span><span style="font-weight: 400;">are suggested to</span><span style="font-weight: 400;"> immediately integrate fraud risk management with</span><span style="font-weight: 400;"> the</span><span style="font-weight: 400;"> existing anti-fraud programs and strengthen the role of the units involved </span><span style="font-weight: 400;">in accordance with</span><span style="font-weight: 400;"> the COSO (Committee of Sponsoring Organizations) Fraud Risk Management principles.</span></p> Ariyadi Teguh Wibawa, Agustinus Nicholas L Tobing Copyright (c) 2023 Ariyadi Teguh Wibawa, Agustinus Nicholas L Tobing Mon, 31 Jul 2023 00:00:00 +0000 The Mediating Effect of the Intention to Quit as the Impact of Locus of Control on Dysfunctional Audit Behavior <p><span style="font-weight: 400;">Auditing is an essential process in maintaining accountability and transparency within an organization. However, some dysfunctional audit behaviors can threaten audit integrity and cause significant losses to the company. This study aims to prove </span><span style="font-weight: 400;">whether or not</span><span style="font-weight: 400;"> the intention to quit can mediate the indirect effect between locus of control on auditor acceptance of dysfunctional audit behavior, especially in all Public Accounting Firms </span><span style="font-weight: 400;">in&nbsp; East</span><span style="font-weight: 400;"> Java Region. T</span><span style="font-weight: 400;">his is a quantitative causality research, and the data</span><span style="font-weight: 400;"> source in this study </span><span style="font-weight: 400;">are generated</span><span style="font-weight: 400;"> from the primary data. </span><span style="font-weight: 400;">The data are obtained from the</span><span style="font-weight: 400;"> respondents' answers to questionnaires given to all auditors who work at public accounting firms in East Java region. The 11 items-questionnaire was distributed via Google form.&nbsp; The results </span><span style="font-weight: 400;">indicated</span><span style="font-weight: 400;"> that locus of control has a positive effect on auditors’ acceptance of dysfunctional audit behavior, intention to quit has a positive effect on auditors’ acceptance of dysfunctional audit behaviors, and locus of control has a positive effect on the intention to quit. Finally, the intention to quit is able to mediate the indirect effect of locus of control on </span><span style="font-weight: 400;">auditors’</span><span style="font-weight: 400;"> acceptance of dysfunctional audit behaviors.</span></p> Iman Supriadi Copyright (c) 2023 Iman Supriadi Mon, 31 Jul 2023 00:00:00 +0000 The Determinants of Tax Revenue in the Context of International Transactions in the Latin America and Caribbean (LAC) Regions 2002-2019 <p><span style="font-weight: 400;">Tax revenue is one of the backbones</span><span style="font-weight: 400;"> of&nbsp; economy in almost every country in the world. </span><span style="font-weight: 400;">There are several </span><span style="font-weight: 400;">determinants that influence the amount of tax revenue in one country, </span><span style="font-weight: 400;">one of which</span><span style="font-weight: 400;"> is international transaction activities. </span><span style="font-weight: 400;">Such activities</span> <span style="font-weight: 400;">can partly be</span><span style="font-weight: 400;"> presented by three variables; Foreign Direct Investment (FDI), Trade Openness (TO), and External Debt. This study aims to acknowledge the </span><span style="font-weight: 400;">effects</span><span style="font-weight: 400;"> of international transaction experienced by a</span> <span style="font-weight: 400;">country&nbsp; </span><span style="font-weight: 400;">regarding its</span><span style="font-weight: 400;"> tax revenue.&nbsp; External Debt is used as a moderating variable to the effects of FDI&nbsp; and TO </span><span style="font-weight: 400;">on</span><span style="font-weight: 400;"> tax revenue. </span><span style="font-weight: 400;">The data source was taken</span><span style="font-weight: 400;"> from </span><span style="font-weight: 400;">the</span><span style="font-weight: 400;"> World Bank </span><span style="font-weight: 400;">within</span><span style="font-weight: 400;"> the period of 2002-2019 in 19 countries around LAC regions. The study </span><span style="font-weight: 400;">implements</span><span style="font-weight: 400;"> an </span><span style="font-weight: 400;">associative</span><span style="font-weight: 400;"> quantitative method with PCSE regression. The result showed that FDI affects tax revenue negatively, whereas trade openness and external debt affect tax revenue positively. External debt as a moderating variable </span><span style="font-weight: 400;">strengthens </span><span style="font-weight: 400;">the effect of FDI and </span><span style="font-weight: 400;">weakens</span><span style="font-weight: 400;"> the effects of trade openness to tax revenue. Further research is expected to include all the LAC countries, add more </span><span style="font-weight: 400;">variables&nbsp; relevant</span><span style="font-weight: 400;"> to the international transactions, and renew the research period.</span></p> Hendiva Tri Nugraha, Suparna Wijaya Copyright (c) 2023 Hendiva Tri Nugraha, Suparna Wijaya Mon, 21 Aug 2023 05:40:18 +0000 Searching For Tax Revenue Determinants in N-11: The Moderating Role of Regulatory Quality <p><span style="font-weight: 400;">This study </span><span style="font-weight: 400;">aimed</span><span style="font-weight: 400;"> to analyze the effects of the agricultural sector </span><span style="font-weight: 400;">and the Foreign Direct Investment (hereinafter referred to as FDI) </span><span style="font-weight: 400;">&nbsp;on tax revenue in The Next Eleven (N-11) countries. </span><span style="font-weight: 400;">In this research, a moderating</span><span style="font-weight: 400;"> variable of regulatory quality </span><span style="font-weight: 400;">was used</span><span style="font-weight: 400;">. </span><span style="font-weight: 400;">The data were</span><span style="font-weight: 400;"> obtained from the World Bank and analyzed using panel data regression. The dependent variable in this study </span><span style="font-weight: 400;">was</span><span style="font-weight: 400;"> tax revenue, whereas the independent variables comprised </span><span style="font-weight: 400;">the</span><span style="font-weight: 400;"> agricultural sector, </span><span style="font-weight: 400;">the</span><span style="font-weight: 400;"> FDI, </span><span style="font-weight: 400;">the</span><span style="font-weight: 400;"> agricultural sector moderated by regulatory quality, </span><span style="font-weight: 400;">the</span><span style="font-weight: 400;"> FDI moderated by regulatory quality, and </span><span style="font-weight: 400;">the</span><span style="font-weight: 400;"> regulatory quality. The results </span><span style="font-weight: 400;">indicate </span><span style="font-weight: 400;">that all independent variables simultaneously affect tax revenue. However, when </span><span style="font-weight: 400;">investigating</span><span style="font-weight: 400;"> partially, FDI, the agricultural sector moderated by regulatory quality, and regulatory quality have a positive effect on tax revenue </span><span style="font-weight: 400;">while</span><span style="font-weight: 400;"> FDI moderated by regulatory quality shows a negative effect on tax revenue. </span><span style="font-weight: 400;">As for</span><span style="font-weight: 400;"> the agricultural variable, a significant effect on tax revenue </span><span style="font-weight: 400;">was not shown</span><span style="font-weight: 400;">. It is recommended </span><span style="font-weight: 400;">that governments in N-11 countries focus</span><span style="font-weight: 400;"> on developing quality regulations </span><span style="font-weight: 400;">in another sector,&nbsp; particularly</span><span style="font-weight: 400;"> agriculture, and </span><span style="font-weight: 400;">encourage f</span><span style="font-weight: 400;">oreign investments </span><span style="font-weight: 400;">since these two aspects are</span><span style="font-weight: 400;"> proven to increase tax revenue.</span></p> Emilio Pascal, Suparna Wijaya Copyright (c) 2023 Emilio Pascal, Suparna Wijaya Mon, 21 Aug 2023 05:40:56 +0000 Front Matter <p>.</p> Daryanto Hesti Wibowo Copyright (c) 2023 Daryanto Hesti Wibowo Tue, 29 Aug 2023 05:40:33 +0000