Income Shifting and Tax Avoidance of Korean Business Groups using Related Party Transactions기업집단의 특수관계자 거래를 이용한 소득이전과 조세회피
- Other Titles
- 기업집단의 특수관계자 거래를 이용한 소득이전과 조세회피
- Authors
- 고종권; 박희진
- Issue Date
- Dec-2020
- Publisher
- 한국세무학회
- Keywords
- business group; related party transactions; income shifting; tax avoidance; cash effective tax rates; 기업집단; 특수관계자 거래; 소득이전; 조세회피; 현금유효세율
- Citation
- 세무학연구, v.37, no.4, pp.45 - 77
- Indexed
- KCI
- Journal Title
- 세무학연구
- Volume
- 37
- Number
- 4
- Start Page
- 45
- End Page
- 77
- URI
- https://scholarworks.bwise.kr/hanyang/handle/2021.sw.hanyang/1670
- DOI
- 10.35850/KJTR.37.4.02
- ISSN
- 1225-1399
- Abstract
- This paper examines whether Korean business group firms shift income using related party transactions and lower short-term and long-term cash effective tax rates than other firms. Results of short-term analysis using annual CETR show that tax avoidance increases as related party transactions in business group firms increase. Tax avoidance using sales/revenue transactions with related parties is found irrespective of business group affiliation. On the other hand, tax avoidance using purchase/expense transactions with related parties is found only in business group firms. Business group firms with high tax rates achieve tax avoidance using related party transactions, and tax avoidance in business group firms with high tax rates is mainly occurred from purchase/expense transactions with domestic related party firms and sales/revenue transactions with foreign related party firms. For long-term analysis, tax avoidance using related party transactions is found to be more pronounced than that for short-term analysis. Tax avoidance using related party transactions is found to be achieved not only by the domestic related party firms but also by sales/revenue transactions with foreign related party firms, and tax avoidance using sales/revenue transactions with the domestic related party firms is increased in business group firms. In addition, tax avoidance is achieved through purchase/expense transactions with foreign related party firms, but tax avoidance does not increase discriminately in business group firms.
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