A tax amnesty has served as an important policy tool frequently employed by governments since ancient times. Approximately thirty countries throughout the world and forty U.S. States have conducted amnesty programs during the last two decades. In Korea, the broadest form of a tax amnesty was conducted by the military regime in 1961.
A tax amnesty differs from a amnesty granted pursuant to the Amnesty Law to those convicted of crimes. While most crimes, such as murder, robbery, assault, fraud and embezzlement, are irrevocable once committed, the violation of a tax law is revocable by paying the taxes evaded. While an amnesty granted pursuant to the Amnesty Law unconditionally forgive a crime and waive the punishment, a tax amnesty waives the punishment on the condition that the taxpayer voluntarily correct his misdeed.
There are several types of amnesty programs in terms of the types of tax included, penalties and liabilities waived, eligible taxpayers, and the terms of amnesty. The most typical one is a general tax amnesty covering all major types of tax. Most amnesties forgive all criminal and civil penalties and, sometimes, all or part of interest. However, it is not common to allow reduction of actual tax liabilities. (The rest omitted)
- 조세사면(Tax amnesty)
한국에서의 정책적 유용성(Its policy implications in Korea)
서울 : 한국조세연구원
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Economy < Economic Administration|