해외종속기업 정보를 활용한 다국적기업의 조세회피 분석

This study uses foreign subsidiaries to identify tax avoidance tendencies of multinational corporations. It verifies international response strategies such as the BEPS project and the tax avoidance tendency of companies that have submitted integrated reports that have been introduced and operated since 2017 in Korea. This study selected and analyzed 3,986 multinational companies (company×year) among KOSPI and KOSDAQ listed companies from 2012 to 2019 as a sample. As a result of the analysis, it was found that the tax avoidance tendency increases as the effective corporate tax rate of the country where the foreign subsidiary is located is lower than that of Korea. The statistical significance of the analysis results on tax avoidance propensity after 2016, when international strategies such as the BEPS project began in earnest, was low. On the other hand, it was analyzed that tax avoidance propensity was consistently lower for companies that submitted integrated reports. However, it was found that the tax avoidance propensity through tax rate difference has a greater effect than the effect of information disclosure through the submission of the integrated report on the tax avoidance propensity. In this study, it was confirmed through empirical analysis that some of the policy effects of the BEPS project in response to tax avoidance by multinational corporations appear. This study presents an empirical basis for the tax avoidance propensity of multinational corporations and has significance in confirming the effectiveness of the system to prevent tax avoidance. Therefore, it is expected that the tax authorities will use it as a reference for policy responses and changes.