綜合不動産稅 導入에 대한 法經濟學的 檢討 = A Proposal on the Real Estate Taxation Policy from Law & Economics Perspective

다국어 초록 (Multilingual Abstract)

1. CONTENTS
(1) RESEARCH OBJECTIVES
Recently government set up a new plan for stabilizing real estate market in Korea from the perspective of real estate tax structure reform. But, considering the fact the tax instrument has a wide variety of effects in allocation resources in the market, we must find out the expected results and the direction of the market movement in advance. And, to achieve the policy goal, it is more important to design an atmosphere of tax compliance rather than to control the market behavior of economic agents. In this way, I try to see the matter through economic incentive mechanism in the market, and finally, I reached a conclusion.
(2) RESEARCH METHOD
I adopted Law and Economics perspective into the real estate tax structure. I tried to explain the fact that the policy mechanism is worse in efficiency than market mechanism through mechanism concept.
(3) RESEARCH RESULTS
From the perspective of Law and Economics, by using sigmaplot, value of real estate asset is inflluenced by tax attributes, especially, the spread between capitla gain tax and withholding tax, which remains leverage incentives from debt financing as investor. Thus, there still leaves reeal estate investors who gather money by bank loan as though the tax policy changes. And, from the legal perspectives,incumbent real estate tax does not breach the constitutional law.
2. RESULTS
To promote the function of real estate market mechanism, firstly, transaction tax(acquiring tax, stamp tax) should be lowered by far. Second, property tax can be raised on condition that the tax base is reasonably designed. And finally, capital gain tax should be lowered to accelerating the function of the real estate market.

참고문헌 (Reference)

1 "핵심 재무관리" 도서출판 원 2004.

2 "한국의 토지세제" 한국조세연구원 1996.

3 "토지세제의 평가와 향후 政策方向 한국조세연구원" 1993.

4 "토지보유과세 강화의 당위성에 대한 검토" 한국개발연구원 14 3호. : 1992.10

5 "지가와 거시경제변수간의 인과관계에 관한 실증분석" 한국개발연구원 13 3호. : 1991가을

6 "종합부동산세 도입정책에 대한 평가 및 정책제언" 한국경제연구원 11-, 2004.12

7 "자본이득과세제도에 대한 원론적 고찰과 판례" 세경사 113-, 1998

8 "실지거래신고에 따른 적정세율 추정 및 제도적 실행방안" 한국조세연구원 2003.12.

9 "밀러의 균형부채이론을 이용한 부동산조세정책에 관한 메카니즘적 제안" 한국부동산학회 2004.

10 "住宅政策과 住宅關聯 租稅政策" 국토연구원 (262) : 45-, 2003

11 "Taxes and Business Strategy" Prentice Hall 2002.

12 "Principles of Corporate Finance" McGraw Hill 2004.

13 "Optimal Capital Structure under Corporate Taxation" 1980

14 "Investment" McGraw-Hill Irwin 2002.

15 "Financial Theory and Corporate Policy" Addison Wesley 2004.

16 "Essays in Taxation,New York" The MacMillan Company 1931.

17 "Debt and the Marginal Tax Rate" 1996.