Conservadorismo, gerenciamento de resultados e agressividade tributária no Brasil

ABSTRACT This research analyzes the association between accounting conservatism and tax aggressiveness, and earnings management. The sample is composed of non-financial Brazilian companies from 2010 to 2019. The main proxies used were: i) accounting conservatism; ii) Earnings management; and iii) tax aggressiveness. The results found demonstrate that the levels of tax aggressiveness in Brazil are associated with the levels of conservatism of the companies, in addition to showing that the most conservative companies present smaller disparities in the tax burden, even when the effects are controlled by earnings management. In an unprecedented way, the results also present evidence that it makes no sense to analyze tax aggressiveness without considering both the effect of conservatism and that of earnings management together. Keywords: Tax Aggressiveness; Value Added Tax Rate – TTVA; Accounting Conservatism; Modified Jones Model; Earnings management.