가업승계 지원세제의 개선방안

This study makes suggestions to make Korean tax support system on family business succession more effective based on reviewing the tax support systems on family business succession of Korea, Germany and Japan and examining current status of family business succession. Suggestions are as follow;First, it is required to evaluate empirically the effectiveness of the tax support system and to rationalize the scope of applicable companies and the size of family business succession deduction which has expanded remarkably for last six years. Second, in order to give a full support to the small and medium-sized enterprises which are innovation-oriented and have high future growth potential, German tax support system on family business succession should be introduced. Third, tax incentive policy boosting family business succession in one's living years has to be expanded more. Forth, the requirements of the follow-up management need to be adjusted and the period of the follow-up management should be shortened, allowing successors to become more flexible and agile in responding to rapidly changing business environments. Fifth, the requirements for the successors should be strengthened for them to have a certain level of management ability and experience. Sixth, present punitive inheritance and gift tax rate which is a serious impediment to business succession needs to be lowered. Also it is necessary to introduce capital gain tax in the long-term.