INFLUENCE OF APPLICATION INCONE TAX LAW NUMBER 36/2008 ON THE LEVEL OF RETURN ON INVESTMENT (ROI) IN LISTED COMPANIES ON INDONESIA STOCK EXCHANGE (BEI)
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Tax reforms expected to bring the implications for company performance, these implications can be positive or negative (Mariwan and Arifin, 2005). If tax reform is to bring a positive impact will certainly be able to improve the financial performance of the company, if such tax reform would negatively impact the company’s lower financial performance. On the other hand, the government expects the presence of these tax reforms of taxation will get better performance, so bring a positive impact on government revenue from the taxation sector (Mariwan and Arifin, 2005). This study aims to find out how much differences the company's profitability based on the Return on Investment Ratio (ROI) before and after the enactment of Income Tax Law Number 36 of 2008 on Companies Listed on Indonesia Stock Exchange (BEI). The results showed that the level of Return On Investment companies in the period before and after the application of Law no. 36 of 2008 there were significant differences. This can be seen through the t-Test Paired Sample with 5% error level (α = 0.05). This indicates that the reform of taxation with a reduction of taxable layer was able to make a significant contribution in improving the financial performance of companiesin the period after implementation of the Law No. 36 of 2008.