CORPORATE SOCIAL RESPONSIBILITY AND TAX AGGRESSIVESS OF QUOTED MANUFACTURING COMPANIES IN NIGERIA

ABSTRACT

This study was conducted to evaluate the impact of Corporate Social Responsibility on Tax Aggressiveness in listed manufacturing companies in Nigeria. The objectives of this study was to ascertain the relationship between, Community Development and Investment, Staff Development and Welfare, Social and Political involvement and Firm age and Tax Aggressiveness in manufacturing companies in Nigeria. This research used the data of fifty one (51) listed manufacturing companies in Nigeria ranging from 2019 to 2023, to conduct the research. The Ordinary least square regression analytical tool was used to analyze the data. The findings of this study states that, community development and investment has a positive and insignificant relationship with tax aggressiveness in listed manufacturing companies in Nigeria, staff welfare and development has a positive and significant relationship with tax aggressiveness in listed manufacturing companies in Nigeria, social and political involvement has a positive and significant relationship with tax aggressiveness in listed manufacturing companies in Nigeria. The study therefore concludes that Staff welfare and Development and Social and Political involvement has a significant relationship with Tax Aggressiveness in manufacturing firms quoted in the Nigeria Exchange Group (NGX), while community development and investment and firm age has an insignificant relationship with tax aggressiveness. It is recommended that FIRS should also ensure that corporate social responsibilities are not used as tax haven. Therefore, there should be a working policy framework or mechanism to guarantee full disclosure of corporate social responsibility activities by the firms.