Tax Avoidance and Dividend Policy: Evidence from Indonesian State-Owned Enterprises

This study aimed to investigate the relationship between tax avoidance and dividend policy with focus on state-owned enterprises (SOEs), in Indonesia. The populations are all Indonesian firms (SOEs non-SOEs) listed LQ-45 index. Samples were selected using purposive sampling method. Number of collected samples 60 or 118 firm-year observations (2018, 2019, 2021). Using Moderated Regression Analysis (MRA), this found a positive association effective rate yield for non-SOEs. result also reveals that SOEs tend not engage aggressive avoidance, an average 19.9%. Therefore, if plan manage their taxes lower rate, they may provide higher shareholders compared