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This study concludes that there is a positive relationship between tax planning and firm performance. The study concludes that;
1 Banks adopt the use of the cash effective tax rate in determining their tax payable, in order to ascertain the actual percentage of tax to be paid.
2. Banks adopt strategies that could increase their tax savings in order to reduce their tax liabilities and recurrent expenditure.
3 Banks also incur agency costs by paying top management large salaries, compensations and benefits in order for them to represent the interest of the banks and important information are hoarded by banks in order to preserve the image of the bank.
