기업 및 주주 과세의 개선방안

Reform Measures of the Corporates and Shareholders Tax System in Korea

The corporates and shareholders tax system in Korea has recently been revised in a short-sighted and allopathic manner, which has resulted in unwarranted complexity and inefficiency adversely affecting the tax payer, as well as the tax authorities. Despite various discussions recommending the drastic reform of the corporate and shareholder tax system, this together with other issues of tax reform have been pushed to the background due to the efforts to overcome the recent financial crisis that emphasized corporate and financial sector restructuring. After looking into past tax reform measures, this study aims to provide improved tax reform measures by integrating a new paradigm into the corporates and shareholders tax system, An essential case for the revision of tax measures is its importance in overcoming limitations of monetary policy, particularly in widely open economies. To study the various problems and feasibility of alternatives, inquiries are made directly to professionals such as professors, certified public accountants, licensed tax accountants, and corporate accountants, requesting information about their understanding of the current problems and possible solutions with regards to the corporates and shareholders tax system in Korea. This paper looks into concrete examples of problems that have originated from tax accounting practices, analyzing them from the viewpoint of law and accounting, and consequently suggests necessary reform measures.