Publications
Detailed Information
Comparision of General Expense Provisions of U.S. and Korean Tax Law to Suggest Guildelines for Interpretation of Korean Tax Law
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kim, Jaeseung | - |
dc.date.accessioned | 2014-01-06T07:11:28Z | - |
dc.date.available | 2014-01-06T07:11:28Z | - |
dc.date.issued | 2011 | - |
dc.identifier.citation | Journal of Korean Law, Vol.10 No.2, pp. 271-304 | - |
dc.identifier.issn | 1598-1681 | - |
dc.identifier.uri | https://hdl.handle.net/10371/85179 | - |
dc.description.abstract | This essay reviewed and analyzed the general provisions for a business deduction of the U. S. and Korea, and compared them to see if the interpretation of I.R.C. § 162(a) as confirmed and established by the U.S. courts can be useful as a tool to interpret the general provision of Korea. This essay has come to observe that: Generally, for a deductible expense, the Korean system adopts a negative method, allowing all expenses to be deductible unless otherwise provided. The U.S. system, however, adopts a positive system, which means an expense is deductible only if a separate provision to allow doing so is provided; just as rdinary and necessaryare paralleled in I.R.C. § 162(a), so rdinary and directly related to revenueare paralleled in the Korean Corporation Tax Law(CTL). But the meaning of ecessaryand irectly related to revenuea are different; the interpretation to the meaning of rdinaryby the U.S. Supreme Court may be applicable to the interpretation of article 19(2) of the CTL; the standards developed in the U.S. with respect to deciding what a rade or businessmay not be applicable to the CTL; and interpretation rules or precedents established as related to n connection withand arrying
onin the interpretation of the meaning of ordinary in I.R.C. § 162(a) can be useful guidelines to interpret the meaning of n connection within the CTL. | - |
dc.language.iso | en | - |
dc.publisher | BK 21 law | - |
dc.subject | Ordinary | - |
dc.subject | Necessary | - |
dc.subject | Trade or Business | - |
dc.subject | Business Expense | - |
dc.title | Comparision of General Expense Provisions of U.S. and Korean Tax Law to Suggest Guildelines for Interpretation of Korean Tax Law | - |
dc.type | SNU Journal | - |
dc.citation.journaltitle | Journal of Korean Law | - |
dc.citation.endpage | 304 | - |
dc.citation.number | 2 | - |
dc.citation.pages | 271-304 | - |
dc.citation.startpage | 271 | - |
dc.citation.volume | 10 | - |
- Appears in Collections:
- Files in This Item:
Item View & Download Count
Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.