Korean Institute of Certified Public Accountants and Korean Tax Association Jointly Host Tax Policy Symposium

[Asia Economy Reporter Minji Lee] The Korean Institute of Certified Public Accountants and the Korean Tax Association announced on the 2nd that they will jointly host a tax policy symposium (web seminar) on the theme of "The Impact of Enhancing Accounting Transparency on Tax Base Transparency and Tax Base Expansion."

The symposium will begin with an opening address by Choi Joong-kyung, Chairman of the Korean Institute of Certified Public Accountants, and a welcome speech by Jeon Gyu-an, Chairman of the Korean Tax Association. It will then explore "The Impact of Enhancing Accounting Transparency on Tax Base Transparency and Tax Base Expansion" from various perspectives, followed by a panel discussion.

The first presenter, Professor Lee Young-han of the University of Seoul, will examine how the enhancement of accounting transparency through external audits affects tax avoidance and effective tax rates through an empirical analysis of the relationship between individual companies' accounting transparency and tax revenue.

The second presenter, Professor Lee Dong-gyu of the University of Seoul, will analyze the relationship between accounting transparency, tax base transparency, and tax revenue through a strategic tax compliance model based on game theory. According to the economic model, accounting transparency in the mixed strategies of taxpayer companies lowers the probability of underreporting and increases the likelihood of consistent reporting, meaning that higher accounting transparency leads to tax reporting that increases tax revenue.

Additionally, Professor Lee plans to empirically verify the relationship between accounting transparency and tax revenue by conducting a panel analysis of countries with varying levels of accounting transparency.

Meanwhile, in the comprehensive discussion, Jo Gyu-beom, Vice Chairman of the Tax Committee (Korean Institute of Certified Public Accountants), will serve as the moderator. The discussion will include Professor Baek Tae-young (Sungkyunkwan University), Executive Director Lee Dong-gun (Samil Accounting Corporation), Manager Lee Jae-myeon (Corporate Tax Division, Tax System Office), Senior Research Fellow Jeon Byung-mok (Korea Institute of Public Finance), Research Fellow Lim Dong-won (Korea Economic Research Institute), and Editorial Writer Heo Won-soon (Korea Economic Daily).

This content was produced with the assistance of AI translation services.