PENGARUH PAJAK, EXCHANGE RATE, TUNNELING INCENTIVE, DAN LEVERAGE TERHADAP TRANSFER PRICING

This study aims to determine the effect of tax, Exchange rate, tunneling incentive, and leverage
to Transfer Pricing. Dependent variable in this study is Transfer Pricing which is proxied with
the value from a related party transaction (RPT) of sale. The independent variables in this study
are tax, Exchange rate, tunneling incentive, and leverage. This study took the secondary data
in financial statements or annual reports that have been published by companies in Indonesia
Stock Exchange. The population in this study are all the manufacturing companies listed on the
Indonesia Stock Exchange in 2012-2016. This study took manufacturing companies listed on the
Indonesia Stock Exchange as sample, especially the various industry sectors from years 2012-
2016. Sampling technique used in this study was purposive sampling method. The total number
of sample in this study is 35 firm years from seven companies. The analytical method used was
logistic regression analysis using SPSS program version 16. The results of the analysis in
this study indicate that tax, Exchange rate, and tunneling incentive have no significant effect on
Transfer Pricing, whereas leverage has a significant positive effect on Transfer Pricing.

Keywords: Transfer Pricing, Tax, Exchange rate, Incentive Tunneling, Leverage.