비상장주식 유사상장법인 주가비교평가법 도입에 따른 납세자 조세혜택과 평가액의 평가정확도에 대한 실증연구

This study investigates the taxpayer's tax benefits and evaluation accuracy resulting from the implementation of the discretionary comparables method for inheritance and gift tax purpose of unlisted stocks by using the data in the list of comparable listed firms which is published by NTS on July 2007. Specifically, this study investigates 1) whether and the extent to which the implementation of the discretionary comparables method for unlisted stocks creates tax benefits to related taxpayers, 2) whether and the extent to which that implementation complements the deficiency of the current supplementary method, 3) whether and the extent to which two major constraints with that implementation complements the deficiency of the comparables method and, 4) whether and the extent to which relaxation of two major constraints improve the quality of estimates from the comparables method. This study suggests that to improve the quality of estimates for unlisted stocks price, it is necessary to make efforts to improve the quality of estimates of the comparables method itself, or estimates of the supplementary method itself.