Investigating the moderating role of board characteristics on the relationship between company value and tax planning

Taxation is one of the most important government revenues, especially in third world countries, receiving and spending it is associated with many challenges. For this reason, some companies are trying to get less tax out of the company for various reasons and motives. The main purpose of this study is to investigate the moderating role of board characteristics on the relationship between firms value and tax planning in companies listed on the Tehran Stock Exchange. This research is applied in terms of purpose and analytical in nature. To collect its data, the financial statements of the companies of Tehran Novin Stock Exchange have been used. The statistical sample of the research is 105 companies listed on the Tehran Stock Exchange during the years 1393 to 1398. The findings of the present study show that the value of the company has a positive and significant effect on tax planning and the duality of the CEO's duties, the size and independence of the board of directors intensifies the effect of the value of the company on tax planning.