연구개발비와 금융비용의 자본화 회계처리와 조세회피

In this study, we examine the relation between the capitalization of Research and Development(R&D) cost and tax avoidance and we also examine the relation between the capitalization of interest cost and tax avoidance. The capitalization of costs is a controversial accounting issue because of the contention that such capitalization is motivated by incentives to reduce tax cost. Based on a sample of korean listed companies, this paper examines whether companies’ decisions to capitalize costs are affected by tax avoidance motivations. We find that there is a significant negative relation between the capitalization of Research and Development(R&D) cost and tax avoidance. Especially, such relation show in low-tech industry. The hypothesis that firms capitalize R&D costs in order to reduce the tax cost is supported. But we can't find that there is a significant relation between the capitalization of Interest cost and tax avoidance. The hypothesis that firms capitalize interest costs in order to reduce the reduce the tax cost is not supported.