재무 및 비재무 비율에 기초한 기업시설투자 취득세 감면의 유효성분석

기업 시설투자에 대한 부동산 취득세 감면의 유효성을 분석했다.

A local tax Exemptiont related to current real estate acquisition is pre-tax benefit system and local tax Exemption is allowed as long as an enterprise intends to utilize the real estate they acquired in the future. The objectives of this system were to promote the management normalization of the enterprise and balanced development of local society based on the foothold of the increased investment in equipment but, on the contrary to this intention, it was a question whether this system can work well.

The reason was based on the fact that local tax Exemption was permitted if only the concerned enterprise acquired the real estate and got an approval without judgemental procedures of their implementation will in the future to meet the original objectives of tax benefit systems. Administrative cost from a key hole created from the tax system which was introduced for the consideration was greatly consumed and it definitely lowered the effectiveness without attainment of the objectives of a nation's tax benefit policy.

This study was to identify the dominant factors which decided whether an enterprise implemented the investment in equipment in actuality according to their purpose of real estate acquisition within a grace period by referring to the financial and non-financial economic accounting data of those applied for the local tax Exemption related to real estate acquisition.

It was anticipated that when a nation approved the local tax Exemption related to real estate acquisition, the findings of this study would be useful in judging whether the enterprise would be using the real estate according to the objectives of tax benefit system within a grace period and they would contribute to reduction of a great deal of administrative cost used for post-management of the exempted tax amount as the tax Exemption was not appropriately utilized according to its original purpose and reconsideration of the purpose of the local tax Exemption related to an enterprise's real estate acquisition.

This study was to verify whether there was a significant difference with financial and non-financial economic variables based on Predictions of Business Failures, Dominant Model of Rehabilitation Factor and Tax Security Margin Rate depending on whether the enterprise implemented investment in equipment to meet the purpose of the local tax Exemption related to real estate acquisition out of unlisted manufacturing companies located in Chungnam region.

In regression analysis model, as for the classification of enterprise, I classified into the enterprises which carried out investment in equipment with a grace period after exemption of local tax related to real estate acquisition and the enterprises which did not carry out investment in equipment. Among the enterprises which did not carry out investment in equipment, I classified into the enterprises which followed the liability to taxation sincerely and the tax delinquent enterprises. The scale of enterprise, explanatory variables, was measured based on the total asset of a former year when tax cut was approved and profitability based on net income to total asset of a former year.

I used net working capital as the measurement variables of fund supportive ability and debt ratio as amortization ability. In addition, as for the measurement variables of the management or the enterprise's responsible security, I used a major share ratio and the taxation security margin of the enterprise at the time of the acquisition of real estate as independent variables.

As the empirical results of this study, the actual running of local tax Exemption incentive related to acquisition of real estate which was applied with regulations demonstrated that the ratio of enterprises which implemented the investment in equipment was 62.6% and the ratio of enterprises which did not implement the investment in equipment was 37.3% but, when I predicted with the use of financial and non-financial economic variables, it was found that the ratio of enterprises which implemented the investment in equipment was 96.1% and the ratio of enterprises which did not implement the investment in equipment was 94.1% so that it meant that we could increase the effectiveness of the attainment of objectives on the occasion of the presentation of stable judgement standards.

This implies that it is necessary to introduce post-tax benefit system rather than pre-tax benefit system in running local tax benefit system related to the enterprise's acquisition of real estate and government should require the enterprises which are not able to implement according to the purpose of tax benefit system after attainment of exemption of local tax related to the acquisition of real estate to hold the liability of security for the benefit.

In the implementation of local tax Exemption system related to the enterprise's acquisition of real estate, it can bring more effectiveness to present the adequate judgment criteria on the capacity to implementation rather than to implement the system based on only the purpose of use in the future without the judgment on whether the enterprise is able to meet the purpose of the tax benefit system.

That is, it is impossible to raise the effectiveness of the attainment of purpose of tax benefit system related to the acquisition of real estate through the post administrative discipline after the expiry of a grace period without the assessment of the capacity to implementation of the investment in equipment within a grace period according to the purpose of the tax benefit systems. 현행 부동산 취득과 관련한 지방세감면제도는 사전 감면제도로써 기업이 취득한 부동산에 대하여 미래에 사용할 의도만 있으면 지방세 감면이 허용 된다. 이 제도의 목적은 시설투자의 증대를 발판으로 기업의 경영정상화 및 지역사회의 균형적 발전을 도모키 위한 것이나 이와 같은 법제도의 목적과 달리 그 실효성에 있어서 많은 의문이 제기된다. 그 이유로는 기업의 부동산 취득 관련 지방세 감면 시에 감면목적 대로 미래의 이행능력 판단기준 없이 대상기업이 부동산을 취득하여 승인을 얻으면 되는 현 제도의 허술한 점에서 발생된 것으로 기인된다.

이와 같이 정책적 배려에서 도입된 제도의 맹점으로 야기되는 행정적 비용은 과다할 정도로 소요되고 조세 배려 정책의 실효성을 저하시키고 있다. 본 연구는 기업의 부동산 취득 관련 지방세 감면 신청기업의 재무 및 비재무적 경제 회계 정보