• Title/Summary/Keyword: Tax incentive

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An Empirical Study on the Impact of the Policy Lags and Policy Direction in the FDI inflow (외국인직접투자 유치정책의 정책시차 및 정책방향에 관한 연구)

  • Ji, Young-Han
    • International Commerce and Information Review
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    • v.16 no.3
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    • pp.183-202
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    • 2014
  • The time-lag effect of the policy was analyzed focusing on the financial subsidies which are the incentive for attracting the foreign direct investment for the Korean industries from 2007 to 2012. The analysis results show that Korea's policy for attracting the foreign direct investment has the time leg of 2 or 3 years after the implementation of the policy. If the goal is to attract the foreign investment or introduce the advanced industrial technologies, the tax reduction system would be better. However, if the goal is to get the short term effects such as job creation or regional development, the direct subsidy or the financial support (financing) or the lexicographic characteristics of the policy for foreign investment would be more effective for attracting the foreign investment. Accordingly, the Korea's policy for attracting the foreign direct investment should be focused on the realistic policies such as direct subsidies or financial support (financing) rather than the tax reduction system.

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A suggestion on the incentive and penalty based on carbon tax scheme through EEOI results (EEOI 결과에 따른 탄소세 기반 격려금과 벌과금 부과 방안 제시)

  • Park, Go-Ryong;Cho, Kwon-Hae
    • Journal of Advanced Marine Engineering and Technology
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    • v.41 no.4
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    • pp.323-329
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    • 2017
  • Nowadays, considering global warming and enhanced prohibition to discharge pollutants at sea, all of existing operation-ships must lead to the reduction of fuel consumption. International standards of International Maritime Organization and EU rules governing harbor pollutants are being strengthened. Therefore, ship-owners and operators are seeking ways to reduce $CO_2$, SOx, and NOx emissions. Although world trade continues to expand, total fuel usage for sea transport tends to diminish. However, ICS(International Chamber of Shipping) has set a goal of reducing $CO_2$ emissions from shipping by 50% until 2050. In addition, with respect to the Paris Climate Change Accord in 2015, IMO proposes to set up a reduction target of GHG emission from existing operation-ships. For setting up a reduction target of GHG from international maritime transport, "A data collection system for fuel consumption" will be introduced in the near future. In order to effectively reduce the use of fuel in a ship in accordance with the trend of compulsory fuel saving from operation ships, this paper suggested adoption of an Incentive-Penalty scheme based on Emission-Trading-Scheme, Carbon Tax, and basic calculation formula after verifying the EEOI level for a year.

Labor Market Participation Effects of the Earned Income Tax Credit in Korea (근로장려세제가 노동시장 참여에 미치는 효과)

  • Park, Jihye;Lee, Jungmin
    • Journal of Labour Economics
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    • v.41 no.3
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    • pp.1-59
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    • 2018
  • The Earned Income Tax Credit (EITC) is a policy that supports low-income households financially as well as provides an economic incentive to participate in the labor market. Thus, estimating the causal effect of the policy on the labor force participation rate of low-income households is critical for the policy evaluation. In this paper, we exploit the variation in the eligibility to the EITC and the size of the benefit over several reforms of the EITC in South Korea since 2008 and estimate the impact on the participation in the labor market. Using data from four major household surveys, we find that the results are mixed; in some samples and specifications, we find that the effect is positive and statistically significant, while it is insignificant in others. The estimated effect is more likely to be positive and significant when we restrict the sample to the period before 2014. It is an important topic of future research whether the EITC's effect gets weaker because it is extended to cover the self-employed and beneficiaries of the National Basic Livelihood Security.

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A Study on Problems of Wage Payment Manner in Offshore Trap Fishery - Focused on Advance Payment Practice - (근해통발어업 임금지급방식의 문제점에 관한 연구 - 선급금 지급 관행을 중심으로 -)

  • Moon, Seong-Ju;Kim, Woo-Soo;Kang, Jong-Ho
    • The Journal of Fisheries Business Administration
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    • v.50 no.1
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    • pp.1-15
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    • 2019
  • Offshore trap fishery managers have payed in advance to attract excellent fishing crew in the minium grantee lay system. This practice can intensify competition among fishery management bodies and increase the burden of fishery manager about income tax and four social insurance programs. The purpose of this study is to identify the problems of advance payment practice in terms of fishery manager in offshore trap fishery. The main results of this study are as follows. First, under the TYPE 1 model, which is the current wage payment manner, there is a risk that fishery manager will not able to return the prepayment paid in advance when the income of fishery management bodies decrease. Second, the TYPE 2 or the TYPE 3 model which reduces or abolishes advance payment can alleviate the burden of fishery manager relative to the deduction of redemption amount, incentive to induce artificial expenses, income tax and four social insurance programs. In conclusion, advance payment practice in offshore trap fishery is placing a heavy burden on the fishery manager. In order to solve these problems in the future, we need to find solutions through similar case studies.

A Study on Related System of Building Greening in Japan (일본의 건축물 녹화 관련제도 연구)

  • Yoon, Yong-Han;Ju, Jin-Hee;Kim, Won-Tae
    • Journal of Environmental Science International
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    • v.19 no.12
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    • pp.1397-1402
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    • 2010
  • In recently, building greening to improve the urban environment is a very important areas. Thus, in order to promote the building greening is needed for the arrangement of its related system. In this study, analyzed the related system in Japan and the results obtained are as follows. Related system in Japan are to promote the spread of compulsory and dissemination of guidance. And to promote the spread of dissemination of guidance are to allowed a system to be included in green area of the site required, plans to loan the costs of greening, plans to subsidize the cost of greening, tax reduction and exemption, incentive on floor area ratio, plant supply and other technical guidance system. In conclusion, in order to promote the building greening note the related system of Japan and our related system should be arranged.

A Study on the National Register of Rural Historic Landscapes in U.S.A. (미국 농촌역사경관의 국가문화재 등록에 관한 연구)

  • Park, Ik-Soo
    • Journal of the Korean Institute of Rural Architecture
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    • v.11 no.2
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    • pp.9-18
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    • 2009
  • The recent interest in historic protection of rural landscape concentrates on the cultural landscape. Historic rural landscape properties in the United States America have protected in the national historic preservation system as National Register of Historic Places to contribute to the enhancement of the national identity and economy. This Paper focuses on research of the National Register of historic rural landscape and applicability to Korea. The work reviews published research report, related regulations and related Bulletins. Some works were conducted by online research including a review of related webpage. The Historic Rural Landscapes in U.S.A are identified and evaluated as historically significant districts, sites, structure, objects, and buildings according to the National Resister Criteria. Those were managed as National Register of Historic Places and National Historic Landmarks in National Resister. Government provides national preservation system and tax incentive for historic preservation of rural historic Landscapes.

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A Study on the Land Use Control and Compensation Plan for Jeju Island Coastal Landscape Conservation (제주도 해안경관보전을 위한 토지이용규제와 보상방안에 관한 연구)

  • Lee, Jin-Hee
    • Journal of Korean Society of Rural Planning
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    • v.12 no.3 s.32
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    • pp.29-37
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    • 2006
  • Jeju coastal landscape has been changed from 1980's. Construction of coastal road, rearing fm, restaurant and condominium are main reasons of destroying the Jeju coastal area. Recently, the law for preserving coastal landscape is effective to prevent diverse construction activities, the land is comparatively restricted in the coastal landscape preservation districts. The resident's attitude toward restricted landlord has been carried out in Jeju province and compensation program has been developed for landlord in the coastal landscape preservation district. To speak compensation programs, First, land compensation as if cash compensation and right of purchase claim, Second, incentive as if tax reducement or regional support, Third, assignment of development right.

Prospects of the Teleworking and major Issues -Teleworking as a New Mode of Labor- (재택근로의 전망과 과제 -새로운 노동양식으로서의 정책적 접근-)

  • 류영달
    • Journal of Family Resource Management and Policy Review
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    • v.2 no.2
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    • pp.93-103
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    • 1998
  • The purpose of this study is to explain changes in the mode of labor brought abut with the advance of information society and to suggest policies for the success of teleworking. It is likely that more and more people in advanced countries will be involved in some form of teleworking office workers use computers for handling dat, which is then transmitted over a telecommunications like to client or employer located some distance away. Though teleworking is becoming populer rapidly, it still has many problems to solve. In the conclusion, the paper suggests some measures to be taken for a successful teleworking system. (1) The first step is to establish a special team for the teleworking pilot. And probably the telework center will be most useful type for the pilot. (2) Some protections for teleworkers should be designed against discrimination in employment and occupation. (3) Some institutional arrangements such as tax benefits and incentive system are required for the success of teleworking system. (4) Maintaining competitiveness-faster services and lower cost-should be the first priority. (5) There should be a retraining and education system in the national level for the teleworkers to learn new IT applications.

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Political Economy of Immigration and Fiscal Sustainability

  • HUR, JINWOOK
    • KDI Journal of Economic Policy
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    • v.44 no.1
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    • pp.1-47
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    • 2022
  • This paper introduces a politico-economic model with a welfare state and immigration. In this model, policies on taxes and immigration are determined through a plurality voting system. While many studies of fiscal implications of immigration argue that relaxing immigration policies can substitute for tax reforms in an aging economy, I show that the democratic voting procedure can dampen the effect of relaxing immigration policies as desired policy reforms are not always implemented by the winner of an election. This political economy results in three types of social welfare losses. First, the skill composition is not balanced at a socially efficient level because workers are motivated to maximize their wages. Second, older retirees implement excessive taxes to maximize the size of the welfare state. Third, the volume of immigration is lower than the optimal level given the incentive by young workers to regain political power in the future.

Systemic literature review on the impact of government financial support on innovation in private firms (정부의 기술혁신 재정지원 정책효과에 대한 체계적 문헌연구)

  • Ahn, Joon Mo
    • Journal of Technology Innovation
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    • v.30 no.1
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    • pp.57-104
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    • 2022
  • The government has supported the innovation of private firms by intervening the market for various purposes, such as preventing market failure, alleviating information asymmetry, and allocating resources efficiently. Although the government's R&D budget increased rapidly in the 2000s, it is not clear whether the government intervention has made desirable impact on the market. To address this, the current study attempts to explore this issue by doing a systematic literature review on foreign and domestic papers in an integrated way. In total, 168 studies are analyzed using contents analysis approach and various lens, such as policy additionality, policy tools, firm size, unit of analysis, data and method, are adopted for analysis. Overlapping policy target, time lag between government intervention and policy effects, non-linearity of financial supports, interference between different polices, and out-dated R&D tax incentive system are reported as factors hampering the effect of the government intervention. Many policy prescriptions, such as program evaluation indices reflecting behavioral additionality, an introduction of policy mix and evidence-based policy using machine learning, are suggested to improve these hurdles.