다국적 기업의 공시수준과 조세회피 관계

[Purpose]This study pays attention to that the higher the disclosure level, the higher the risk of tax evasion detection. The purpose of this study is to analyze the relationship between the level of disclosure and tax avoidance. [Methodology]This study conducted an empirical analysis using 2,031 KOSPI and KOSDAQ companies (company×year) for 7 years from 2011 to 2017. Analyze the relationship between the disclosure level and the tax avoidance level. Information correction disclosure and disclosure quality were used as the disclosure level. Since multinational corporations can implement various tax strategies by using overseas subsidiaries, the relationship between disclosure levels and tax avoidance levels of multinational corporations is also verified through empirical analysis. [Findings]As a result of the analysis, the higher the disclosure quality, the lower the tax avoidance tendency. It was confirmed that multinational corporations negatively affected the disclosure quality and tax avoidance tendency, and as a result, the higher the degree of international diversification of multinational corporations, the higher the tax avoidance tendency. [Implications]This study verified the relationship between the level of disclosure of companies and tax avoidance based on information asymmetry. In addition, it is meaningful to verify the effect of the degree of international diversification and the level of disclosure on tax avoidance through empirical analysis.