고용을 위한 국내복귀기업의 조세문제

Abstract

A firm’s investment decisions are to be bifurcated by domestic investment and foreign investment. Globalization of business excels its popularity and makes it possible to the transition from domestic investment into foreign investment than ever before. Business decisions, by nature, have their idiosyncrasy of profit maximization or wealth maximization of shareholders. This implies that those decisions attain at the goal of sustainable prosperity of business, on an on-going basis, without sacrificing the efficiency of their operations. In line with the changes of business environments, from domestic bound to global spectrum, it is high time to do a double take on the location decisions or re-location decisions. In the paper, we tried to take a deeper look at the behavioral changes of business decisions from the perspective of taxation. More precisely speaking, the attributes of tax policy in a way to promote job increase by accommodating u-tern firms, established in the form of outbound FDI, into domestic re-location of manufacturing bases. Once we did a literature review as a step of prior research and found the japanese cases of u-tern policy, we set up a research structure to draw its attention on the international taxation arguments. In brief, we found that the double taxation argument of income tax can be solved in the process of u-term investment. Secondly, we raised the issue of tax incentives in a form of longer duration of tax credit periods strictly limited on the area of manufacturing industries. Thirdly, we found, as well as the need of tax incentive system on the u-tern firms, tax penalty system should be built up against the disguised u-tern firms to make the best use of tax incentives on the u-term firms.