Abstract :
The aim of the research is to analyze tax avoidance behavior to cost of debt and
firm value. The research used the sample manufacturing firms in Indonesia Stock
Exchange for period 2010-2012. Panel data analysis is used in this research
The result that show: (1) tax avoidance had negative and not significant influence
to cost of debt; (2) tax avoidance had a positive influence to firm value. Keywords: Tax Avoidance , Cost Of Debt, firm value, Size, leverage.