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Estimation of income tax gap and underground economy in Korea

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Frame of Image  Income Tax Gap ··························· 03 Ⅲ. Estimation of Underground Economy ·················· 15
1
KIPF BRIEF
Estimation of Income Tax Gap and Underground Economy in Korea
Ⅰ
Introduction
•• Over the past several years, the legalization of the underground economy and the reduction of tax evasion have become important tasks of the National Tax Service.
▪ Reduction of tax evasion has the effect of expanding the tax base and is also expected to contribute to improving the fairness of taxation so that the credibility of governmental policies such as tax policies can be enhanced and social integration can be achieved.
•• To reduce tax evasion, the effectiveness of tax investigation should be improved through the use of scientific methods. To this end, it is necessary to grasp the current state of the size and structure of tax evasion per tax item. Based thereon, the investigation system can be reorganized, including the establishment of the tax investigation plan and personnel reshuffling.
▪ Tax gap refers to the gap between the theoretical tax burden and the actual tax burden. - The theoretical burden refers to the tax amount that must be paid when tax law is applied correctly. - Tax gap is a concept that covers both tax evasion and tax avoidance. ▪ As part of the purpose, the aggregate income tax gap is estimated in this study. - Tax gap can be classified into the underreported gap and the underpayment gap. In this study, the underreported gap is divided into two parts:


Full Text
Title Estimation of income tax gap and underground economy in Korea
Similar Titles
Material Type Reports
Author(English)

An,Jongseok

Publisher

[Sejong, South Korea] : Korea Institute of Public Finance

Date 2017-12
Series Title; No KIPF Brief / vol.4
Pages 33
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Economy < Economic Administration
Holding Korea Institute of Public Finance
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