Perubahan Tarif Pajak Penghasilan, Ukuran Perusahaan Pada Struktur Modal Yang Dimoderasi Profitabilitas

Abstract

A company always needs capital both for business opening and business development. The funding problem will not be separated from a company which includes how much the company's ability to meet the needs of funds that will be used to operate and develop its business. The optimal capital structure policy is where there is a good balance between risk and return which will ultimately maximize the value of the company. The company's goal of maximizing company value also means maximizing shareholder wealth. In a company that has gone public, the value of the company is reflected in the price of shares traded on the stock exchange. This study aims to determine the effect of changes in corporate income tax rates, company size on capital structure with profitability as a moderating variable. The sample in this study amounted to 26 companies with the object of trading and service companies listed on the IDX in 2019-2020 during the pandemic. Purposive sampling was chosen as the sample acquisition method. MRA is used as a sample testing selection with spss 26 as software. This study proves that capital structure cannot be influenced by changes in corporate income tax rates but company size can be influenced by profitability and company size and the results also show that changes in corporate income tax rates moderated by profitability do not affect capital structure, and weaken company size on capital structure