This study evaluated the effect of corporate tax planning on the financial performance of Quoted food and beverages firms in Nigeria, with a population comprising 15 quoted food and beverages firms on the Nigerian Stock Exchange for ten years between 2008-2018, forming the sample using total enumeration sampling method. The study employed ex-post facto research design. The validity and reliability of the instruments were based on the statutory audit of the financial statement and approval for use by the regulator. The data were analysed using descriptive and influential statistics. From the analysis done, it has shown that corporate tax planning variables of effective tax rate, capital intensity, thin capitalization do not have a significant positive effect on financial performance of a quoted food and beverages firm in Nigeria Adjusted R~2= 0.069: F-statistic (input)=8.81, p= 0.03830.05). The analysis revealed that all proxies of corporate tax planning practices do not significant effect on return on capital employed of quoted food, and beverages firm in Nigeria (Adjusted R~2= 0.038: F-statistic 1.09, p= 0.035370.05). All proxies of corporate tax planning practices have a significant positive effect on return on assets of the industry (Adjusted R~2= 0.1095: F-statistic 37.76, p= 0.0000.05). All proxies of corporate tax planning practices have no significant effect on return on equity of the industry (Adjusted R~2= 0.0068: F-statistic 0.66, p= 0.9570.05). Similarly, the result shows all proxies of corporate tax planning practices do not have a significant positive effect on earnings per share of the food and beverages industry (Adjusted R~2= 0.068: F-statistic 1.34, p= 0.26390.05). Thus, the research concluded that corporate tax planning proxies of effective tax rate, capital intensity and thin capitalisation, has a significant positive effect on the performance of quoted food and beverages firms in Nigeria.
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