세무조사 전후의 기업의 조세회피와 이익조정 차이에 관한 연구

This study examines the impact of tax investigations on corporate tax avoidance and earnings management, focusing on 101 firms that underwent tax investigations and disclosed additional tax assessments between 2014 and 2021. It analyzes whether significant differences exist in tax avoidance and earnings management before and after the investigations. The results show that firms with higher debt ratios tend to exhibit lower tax avoidance after the investigation. This suggests that companies with high debt ratios, which can fully benefit from corporate tax reductions through interest expenses without tax-related risks, have relatively lower incentives for tax avoidance. This study finds that the debt ratio has a differential impact on tax avoidance post-investigation and that firm-specific characteristics influencing tax avoidance also affect corporate behavior after the investigation. These findings imply that the National Tax Service should carefully consider corporate financial structures and firm-specific variables.