TY - JOUR AU - Upa , Vierly Ananta PY - 2022/01/14 Y2 - 2024/03/29 TI - Stock Ownership Structure and Capital Structure in Tax Reform: Evidence from Indonesian Capital Market JF - American Scientific Research Journal for Engineering, Technology, and Sciences JA - ASRJETS-Journal VL - 85 IS - 1 SE - Articles DO - UR - https://asrjetsjournal.org/index.php/American_Scientific_Journal/article/view/7364 SP - 202-211 AB - <p>Indonesian government has reformed the taxation law in 2007. One form of this reform is ratification the new income tax law, Act No. 36 of 2008. This regulation is revealed that companies listed on capital market can obtain reduced income tax rate by 5%. Decrease in income tax rates is granted to domestic corporate taxpayers listed on capital market that have public ownership over 40% of the total paid shares and the shares owned by at least 300 party. The purpose of this research is to analyze the differences of stock ownership structure and capital structure before and after the ratification of Act No. 36 of 2008. This research used property, real estate, and building construction companies listed on Indonesia Stock Exchange (IDX) as a sample. Sample selection is performed based on purposive sampling method. The result indicates that government regulation related to tax incentives which was aimed to increase the proportion of public ownership is still less effective. In addition, this study also showed that the proportion of public ownership has no significant effect on firm performance.</p> ER -