Browse

Gift through Related Party Transaction and Gift Tax Act

Cited 0 time in Web of Science Cited 0 time in Scopus
Authors
김진한
Advisor
황이석
Major
경영대학 경영학과
Issue Date
2014-02
Publisher
서울대학교 대학원
Keywords
giftrelated party transactionrelated party salesoperating margin ratioRPTparentsubsidiariesrelative shareholdergift tax
Description
학위논문 (석사)-- 서울대학교 대학원 : 경영학과, 2014. 2. 황이석.
Abstract
I examine the gift through related party transaction (Gift-through-RPT). I measure the magnitude of Gift-through-RPT using two components: the amount of related party sales for gift (RPS-for-gift) and the operating margin ratio of the RPS-for-gift. I find that the group owners relatives equity holding in unlisted related companies is the main determinant for RPS-for-gift and that the operating margin ratio of the RPS-for-gift is not different from similar transactions with the third parties. When I classify related party sales (RPS) into RPS between parent and subsidiaries and RPS between non-parent-subsidiaries relationship, I find that RPS between non-parent-subsidiaries relationship is more adequate to measure RPS-for-gift than the aggregated RPS. For additional test, I compare the difference in the amount of RPS-for-gift and the operating margin ratio of the RPS-for-gift between 2008 ~ 2011 and 2012, to see the effect of the enforcement of the article 45(3) in Inheritance and Gift Tax Act (the Gift Tax Act regarding Gift-through-RPT), effective in 2012. I find the Gift Tax Act is not effective in diminishing the amount of RPS-for-gift as well as the operating margin ratio of the RPS-for-gift in 2012.
Language
English
URI
https://hdl.handle.net/10371/124469
Files in This Item:
Appears in Collections:
College of Business Administration/Business School (경영대학/대학원)Dept. of Business Administration (경영학과)Theses (Master's Degree_경영학과)
  • mendeley

Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.

Browse