Tax Compliance as a Driver of Sustainability: Modeling for Medium Enterprises
Keywords:
Medium Enterprises, Sustainability, Tax ComplianceAbstract
This study aims to investigate the interplay between the dimensions of tax compliance and the sustainability of medium enterprises in one of the commercial hubs in Northern Philippines, with the goal of filling the gap in the literature on fostering the resilience of medium enterprises to become large enterprises. A total population of 172 medium enterprises was employed in the analysis, utilizing self-reported data on taxes, profitability, investment, and net cash flows. Primary data were collected using a 45-item survey questionnaire that assessed the dimensions of tax compliance and sustainability growth indicators, with a Cronbach’s alpha of 0.980. The results of the General Linear Model Multivariate showed that progressive taxation has a significantly larger effect than revenue allocation on net cash flow, with the strongest effect on net cash flow and investment decisions, and a weaker but still significant effect on profitability. The model suggests that liquidity and reinvestment potential can promote the long-term growth of medium-sized enterprises, enabling them to thrive gradually. To achieve this, medium enterprises require support in financial management, access to capital, optimized taxation, innovation, strong governance, cost efficiency, and effective policy dialogue. The study’s findings recommend the need for collaboration among stakeholders of medium enterprises to enhance their potential for growth and expansion into larger enterprises. Recognizing the limitations of the study, research involving medium enterprises, tax stakeholders such as tax authorities, policymakers, and industry enterprises, is proposed to deepen the analysis of the relationship between tax compliance and sustainability, thereby enhancing the broader applicability of the findings.
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