지방소비세의 세원배분과 재정효과에 관한 연구

The fiscal effects of the local consumption tax adopted from the year 2010 are analyzed in this paper. The results of the analysis are as follows. First, theoretically the net revenue of the local government has been found to be determined by the relative size of the local consumption tax increase and the decrease in general shared tax in case of general revenue sharing upper-level local governments. Second, the net revenue has been shown to be determined by the relative size of the increase of the supplemental financial subsidy and the decrease of the general shared tax in case of the lower-level revenue sharing local governments. Third, the results of the simulation analysis have revealed that the effects of the revenue increase of the local consumption tax and the supplemental financial subsidy dominate the decrease in general shared tax in case of the general sharing local governments. Finally, the adoption of the local consumption tax exacerbates the vertical fiscal equity between the upper-level and lower-level local governments. Thus, based on the findings of the study, a remedial government fiscal policy is necessary to improve the vertical fiscal disparity between the upper-level and lower-level local governments.