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Corporate charitable giving with tax deduction ceilings : The Korean case

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  • Corporate charitable giving with tax deduction ceilings
  • Kim, Jin; Son, Wonik
  • Association of Korean Economic Studies


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Title Corporate charitable giving with tax deduction ceilings
Similar Titles
Sub Title

The Korean case

Material Type Report
Author(English)

Kim, Jin; Son, Wonik

Publisher

[Seoul, South Korea] : Association of Korean Economic Studies

Date 2014
Pages 24
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Social Development < Others
Holding Association of Korean Economic Studies
License

Abstract

The paper examines corporate contributions to charitable organizations, mainly focusing on the influence of the corporate income tax rate on corporations’ donations. We analyze determining factors for a corporation’s donation in a framework of economic theory; profit-maximization or utility-maximization. One of our contributions in theoretical concern is to analyze the relationship between the corporate income tax rate and the corporate donation in case where the company’s donation is less than the deduction limit such as in Korea. And we empirically examine the determinants of corporations’ donations by using a panel data of 2001-2012 periods in Korea. Based on Hausman test, we use fixed effect model of panel analysis and obtain the relevance of corporate income tax rate in determining the magnitude of corporate donations when corporate donations are less than the 5% deduction limit.