Nationality Diversity in Corporate Boards and Tax Avoidance: Evidence from Oman

Puntos clave

• Tax avoidance is significantly influenced by the nationality diversity of corporate boards in Oman.
• Findings reveal that companies with diverse boards have lower tax avoidance rates, with a notable statistical correlation.
• Analysis of corporate records across multiple industries in Oman highlights the importance of board composition for financial performance.
• These findings may enable better governance practices, fostering transparency and accountability in corporate environments.