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Finding and Evaluation of Hidden Tax Base for Welfare Expenditure

  • Journal of Regulation Studies
  • 2012, 21(2), pp.79-125
  • Publisher : 한국규제학회
  • Research Area : Social Science > Public Administration

Yu-Chan Kim 1

1홍익대학교

Accredited

ABSTRACT

For increasing welfare expenditure under the condition of fiscal sustainability we need more tax revenue. Before increasing tax rate we must better think about the another way of tax revenue increase. In this study we handle this alternatives: reducing tax-exemption, tax avoidance, tax evasion and shadow economy. Our total national tax expenditure for the year 2009 was about 28.3 trillion won, 15% of total national tax revenue of the same year. Some parts of these exemptions must be called off: tax aid for savings, exemption of capital gain tax for 8-year-self-cultivated land and for art, special excise tax exemption for golfing in Jeju Island. But the increasing revenue amount financed by this way can not be more than about 1 trillion won. By way of reducing tax avoidance and evasion we may have about 5 trillion won revenue more in the areas of income tax and value added tax. But this way of state financing generally leads to high tax administration costs and 100% eliminating the tax evasion is not realistic. So we may not overestimate the possibility of revenue creation by way of reducing tax-exemption, tax avoidance, tax evasion and shadow economy.

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