ADELANTE
Institutional Repository

Every cent companies save through tax avoidance is money not spent on necessary public expenditures. In light of this, the researchers examined the relationship between corporate governance performance and tax avoidance. Seeing the topic's pervasiveness in foreign contexts, the context of this study is the Philippines. In the country, the topic is still understudied, tax avoidance practices are prevalent, and corporate governance is improving. The researchers used a sample of Philippine Publicly-Listed Companies included in the top 50 of the 2019 Association of Southeast Asian Nations Corporate Governance Scorecard (ACGS) Report. This study utilized the 2019 ACGS Report and Cash Flow ETR for variables' respective measurements, descriptive analysis, and simple linear regression for data analysis. The findings of this study suggested that corporate governance has no significant effect on tax avoidance. This means that recent improvements in the country's corporate governance practices are still insufficient to change the current high levels of tax avoidance among Philippine companies. However, a minimal negative association between the variables was discovered, suggesting that further developments in the country's corporate governance can pave the way for strong corporate governance structures to contribute towards addressing the country's problem of low tax collections.