발생주의 법인세 정보가 경제성장을 잘 반영하는가?：한국사례를 중심으로

[Purpose] This study presents empirical evidence that accrual basis accounting information provides a better estimate of the macroeconomic impact of government fiscal policy than using the cash basis. Specifically, this study focuses on corporate income tax, which is an important source of government tax revenue and continues to be controversial in tax policy－making. [Methodology] For the purpose of the study, corporate income tax expense, corporate income tax paid, and corporate income tax burden were compared and analyzed for the KOSPI and KOSDAQ listed companies from 2007 to 2016, and the correlation between each variable and GDP growth rate was analyzed. [Findings] The results show that corporate income tax expense, recognized on accrual basis accounting, differs significantly from the other two variables recognized on the cash basis. Furthermore, the result affirms that the variables associated with the accrual basis followed the movements of GDP growth more closely than the variables associated with cash basis. [Policy Implications] This study is meaningful in that it is an exploratory attempt to find evidence that national accrual accounting information is useful. We hope that many attempts such as this study will be made in the future to create a case in which national accrual accounting information can be used in detail.