Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)


The Impact of Foreign Ownership and Managerial Ownership on Tax Avoidance: Empirical Evidence from Egypt

Author(s): Alaa T. Deef, Badi Alrawashdeh, Nawwaf Al-fawaerh

This research aims to explore the impact of managerial ownership and foreign ownership on the level of tax avoidance. This study was tested on 69 of the 100 non-financial firms (EGX 100) listed on the Egyptian Stock Exchange using purposive sampling techniques with an 2015-2019 observation year. The sample was selected using purposive sampling technique to get sample about 69 firms. The results indicate that the managerial ownership has significant and positive effect on tax avoidance. Meanwhile, foreign ownership does not affect tax avoidance.

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