조세전략과 사회적책임활동(CSR)의 기회주의적 활용에 관한 연구

[Purpose] The purpose of the research is to examine how changes in corporate tax rates influence firms’ CSR (Corporate Social Responsibility) activities, focusing on how firms might opportunistically use CSR as part of their tax－minimizing strategies. [Methodology] This study focuses on companies listed on the Korea Economic Justice Institute’s (KEJI) score list. This list provides a basis for evaluating CSR activities based on publicly available KEJI scores. The research examines CSR activities during specific periods surrounding changes in corporate tax rates(Before and after the decrease in corporate tax rates in 2011－2012, Before and after the increase in corporate tax rates in 2017－2018). [Findings] CSR activities are impacted by changes in corporate tax rates. Specifically, firms adjust their CSR efforts in response to increases or decreases in tax rates. Also, Firms tend to use CSR activities opportunistically as part of their tax－minimizing strategies. When tax rates increase, firms may recognize revenue early and delay costs to lower taxable income. Conversely, when tax rates decrease, firms may accelerate costs and defer revenue to boost taxable income. [Implications] The study suggests that CSR activities should not be viewed purely in a positive light, as they can be strategically used by firms to minimize tax liabilities. Policymakers may need to consider the strategic use of CSR in tax planning when designing tax regulations and CSR－related policies. This could involve developing measures to ensure that CSR activities align with genuine social responsibility rather than serving primarily as a tax optimization tool.