다국적 기업의 조세회피 및 소득 이전에 대한 분석: 조세회피처 및 무형자산 활용을 중심으로
Multinational Firms’ Tax Avoidance and Profit Shifting: Tax Havens and Intangible Asset Location Decision
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초록
본 연구는 오르비스의 다국적 기업 중 최종 소유주의 국적이 한국인 기업만을 대상으로 이들의 무형자산 위치 결정이 세율의 영향을 받는지 분석하였다. 분석 결과, 한국 다국적 기업 전체적으로는 세율이 무형자산 위치결정에 통계적으로 유의한 영향을 주지 않지만, 조세회피처에 자회사를 둔 다국적 기업만을 대상으로 분석한 경우에는 해당 자회사와 동일 그룹 내 다른 자회사가 직면한 세율 차이가 무형자산 위치결정에 영향을 주는 것으로 나타났다. 그리고 이러한 영향은 무형자산 비중이 높은 산업과 기술 집약적 제조업에서 더 큰 것으로 나타났다.
Abstract
This study examines whether tax rates influence location decision of intangible assets for Korean multinational enterprises using Orbis dataset. The results show that the effect of tax rates on where intangible assets are located within the multinational firms are not statistically significant, whereas it appears to be statistically significant when the sample is reduced to the multinational firms which have foreign affiliates in tax havens. In addition, the effect of tax rate on the location intangible assets is stronger for industries that possess a higher number of intangible assets and for technology-intensive manufacturing industries.
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