Relação entre estrutura de capital e agressividade tributária em empresas de capital aberto do Brasil

The present study aimed to analyze the relationship between capital structure and tax aggressiveness in publicly traded companies in Brazil. The sample period spans from 2010 to 2022. Estimates were obtained using the Ordinary Least Squares (OLS) regression model for panel data with fixed effects. As an additional test, the period prior to and during the pandemic was analyzed. To ensure robustness of the results, statistical tests were conducted using quantile regression, incorporating other proxies to measure tax aggressiveness. The results are robust and suggest that Brazilian publicly traded companies that rely on third-party funds tend to exhibit less aggressive tax behavior. Thus, this study contributes to the literature by providing new evidence regarding corporate indebtedness and its implications for tax behavior. It complements previous studies by contributing to the debate on capital structure and its relationship with tax aggressiveness.