Exploration of Transfer Pricing Behavior: Are Foreign Ownership and Firm Size the Primary Determinants?
DOI:
https://doi.org/10.37278/eprofit.v8i1.1505Kata Kunci:
Firm Size, Foreign Ownership, Transfer PricingAbstrak
The increasingly stringent dynamics of international tax regulations, marked by the expansion of tax authorities' audit powers and low revenue target achievements, trigger the urgency to re-evaluate the determinants of tax avoidance in Indonesia. This study aims to examine the effect of foreign ownership and firm size on transfer pricing practices during the transition period of tax law enforcement. Employing a quantitative approach, the research population includes all multinational companies listed on the Indonesia Stock Exchange (IDX) during the 2022-2024 period. Through a purposive sampling technique, 78 firm-year data were selected as samples. These secondary data were then analyzed using the Panel Data Regression method, calibrated with a series of classical assumption tests and the Common Effect Model selection. Empirical evidence shows that while foreign ownership has no significant effect and firm size has significant effect on the intensity of transfer pricing practices, showing a negative coefficient direction. These findings provide literature novelty by refuting traditional assumptions regarding corporate domination power and confirming the political cost hypothesis. The study’s significance lies in its exploration of the 2022–2024 transition period under the stringent framework of PMK No. 15 of 2025, revealing that large-scale entities prioritize transparent governance to mitigate heightened litigation risks and political costs.
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