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조세감면의 합리화와 효율적 운용방안 연구(Tax incentives: Theory, estimates and control methods)

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  • 조세감면의 합리화와 효율적 운용방안 연구(Tax incentives: Theory, estimates and control methods)
  • 박기백; 정재호
  • 한국조세연구원


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Title 조세감면의 합리화와 효율적 운용방안 연구(Tax incentives: Theory, estimates and control methods)
Similar Titles
Material Type Reports
Author(Korean)

박기백; 정재호

Publisher

서울:한국조세연구원

Date 2003-12
Pages 208
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Economic Administration
Holding 한국조세연구원

Abstract

The theoretical models indicate that tax incentives should be given when external effects exist and can't be eliminated. The models also show that the tax incentive is superior to government direct spending in the correction of the external effects, while government direct spending is preferable to the tax incentives if strong external effects exist as in national defense and security.
We estimate the change of tax revenue with the input-output table when all VAT exempted goods convert to taxable goods. The foregone revenue is estimated to 3.2 trillion won in 1995 and 6.2 trillion won in 2000, indicating faster growth than GDP. Housing, government service, education, and health and medical service are the major sources of revenue loss when a single good converts from tax exemption to taxable item. This paper suggests that reinforcement of existing sunset clauses, strengthening of ex ante and ex post control, and introduction of tax expenditure budget for the reduction and efficiency of tax incentive.