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http://dx.doi.org/10.5762/KAIS.2016.17.5.219

Issues of Income Tax on the Compensation for Employee Invention of the University  

CHEE, Seonkoo (Industry-Academic Cooperation Foundation, Kumoh National Institute of Technology)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.17, no.5, 2016 , pp. 219-226 More about this Journal
Abstract
There has been some controversy about imposing income tax on the compensation for university employees' inventions. In this research, various issues of taxation related to such compensation are examined, with Supreme Court Judgement 2014Du15559 as a means of understanding the confusion associated with this taxation. An amendment of the Income Tax Law is proposed based on the examination results, in order to promote research in the university field, which is able to make various types of compensation for employee inventions fall into the category of tax exemptions. It is concluded that if the Income Tax Law is amended to refer to the definition of technology in the Technology Transfer and Commercialization Promotion Act, instead of that of the Invention Promotion Act, the compensation resulting from newly emerging IPRs and technical know-how, which are currently taxed, can become tax exempt.
Keywords
Amendment; Compensation; Employee Invention; Income Tax; University;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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