새마을금고 회계처리 특성과 당기손익과세제도의 문제점에 관한 연구

In this study, the problems of the accounting treatment and the taxation system of the Community Credit Cooperatives(hereinafter “CCC”) were studied through institutional analysis and case analysis. CCC operates a different accounting system than Saving Banks. This study is different from the previous researches which only study the theoretical analysis in that it investigates the problems of the taxation system of profit and loss through the specific case study. Moreover, there is a practical significance to study the practical problems of the CCC. Reviews are needed due to the problems of profit and loss taxation system such as the deduction of carry－over deficit, the fairness of corporate tax discount rate and limited application of tax adjustment. The deduction of carryover deficits of profit and loss taxation system damages the optimality of social resource allocation by providing distorted economic decision making factors to cooperatives. In addition, the discount rate of corporate income tax on the profit and loss tax system is larger as the tax base is larger, which lowers the relative competitiveness of small cooperatives. Finally, we argue that the problem of tax equality caused by the limited application of the tax adjustment of the profit and loss taxation system can not be ignored considering the share of the cooperatives in Korea’s economy.