재산과세 잠재세원탐색에 관한 연구 = Articles of General Interest : A Study on Broadening of Property Tax Base

다국어 초록 (Multilingual Abstract)

The purpose of this study is conceptualizing the value of property and investgating whether the current property tax base needs to broaden in order to equalize tax burden among the tax bases. Not like Japan and the United States, the property tax base in Korea excludes most of machines and equippments in spite of their property value. It leads unfair tax burden among tax payers. Everything that has the property value should be taxed, but we propose income product machines and equippments as new property tax bases at the initial stage. Because machines and equippments are the second largest(18.0%) entity among the wealth of nation followed by the buildings(33.2%). In addition, those income product machines and equippments are the main tax bases of personal property in Japan and the United States. In order to include machines and equippments as tax bases, we propose the contigency plan for filing them. Broadening the tax base not only generates the tax revenues but also increases the compliance costs. Thus, locating the tax base prior to levy the property tax is the most important tax administration. Finding out the tax base of cooperations may not be difficult since they have to submit their annual financial report to the IRA, however, those of individuals and partners do not so it may be difficult. Also, taxing the income product machine and equippments may discourage the machine intensive industry. It should count on these types of problems in advance.