Pengaruh Perubahan Tarif Pajak Penghasilan Wajib Pajak Badan Perusahaan Terhadap Struktur Modal pada Perusahaan Keuangan yang Terdaftar di Bursa Efek Indonesia

Abstract

This study aims to determine whether tax reform (change tax rate), non debt tax shield, profitability and firm size affect the capital structure at financial companies listed on the Indonesia Stock Exchange. This type of research is a causal associative. Population in this research is service sector of financial sector of insurance sub sector that is 12 companies, by using sampling technique is purposive sampling chosen based on following criteria, service company of the insurance sector financial sector, the company has complete financial statements that have been audited and published, the company has the information required for the purposes of research period 2007-2015, then obtained 10 companies subsector of insurance listed in Indonesia Stock Exchange 2007-2015 period which become sample of research. The type of data used is quantitative data with the data source is secondary data. Data collection technique in this research is documentation technique. Data analysis technique used in this research is multiple linear regression analysis using SPSS 17.0 (Statistic Product and Services Solution) software for windows and testing classical assumption. The independent variables used in this research are Tax Reform (TAX_REF), Non Debt Tax Shield (NDTS), Profitability (ROA), Company Size (SIZE), while Capital Structure as the dependent variable. The results showed that partially, tax Reform variables significantly influence the capital structure, partially Non Debt Tax Shield variable has no significant effect on capital structure, partially Profitability variables have no significant effect on capital structure, partially, the Company Size variable has no significant effect on capital structure