내부정보환경이 조세회피 및 세무위험에 미치는 영향

초록

This study analyzed the effects of the internal information environment on tax avoidance and tax risk. In order to identify the differential effects of the quality of internal information environment(IIQ) on tax avoidance(tax risk) according to the level of tax avoidance(tax risk), we conducted quantile regression analysis. We used management forecast accuracy(MFA), absence of disclosure revision(Revised), earnings announcement speed(Speed), absence of material weaknesses in internal controls(ICW) as proxies of IIQ. The dependent variables, tax avoidance and tax risk, were measured by the cash effective tax rate and the five-year standard deviation of the cash effective tax rate, respectively. The results show that the higher the quality of the internal information environment, the higher the tax avoidance level. This implies that firm’s ability to avoid taxes is likely to be affected by the quality of the information. In addition, we provide evidence that high internal information quality allows firms to lower tax risk. Therefore the high IIQ could allow the firm to find more long-term tax avoidance opportunities with recurring and sustained benefits.

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