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    Title: 公司所得稅稅基與外人直接投資─傳統公司所得稅制與公司自有資本扣除制之分析
    Corporate Income Tax Base and Foreign Direct Investment—Traditional Tax Base versus Allowance for Corporate Equity
    Authors: 林建誠
    Lin, Charlie
    Contributors: 陳國樑
    Chen, Joe
    林建誠
    Lin, Charlie
    Keywords: 公司自有資本扣除制
    資本使用者成本
    外人直接投資
    allowance for corporate equity
    user cost of capital
    foreign direct investment
    Date: 2014
    Issue Date: 2014-11-03 10:15:25 (UTC+8)
    Abstract: 近年來有關公司所得稅根本性的改革討論不斷，目標不外乎希望能達成合理、友善的公司所得稅制，以吸引外人資金到本國投資。根本性賦稅改革方案中的公司自有資本扣除制 (Allowance for Corporate Equity; ACE)，在理論上將公司所得稅推往中立性的利潤稅 (profits tax) 發展，頗為學界推崇 [Mirrlees et al. (2011); OECD (2007a)]。
    本文採用新古典資本使用者成本 (user cost of capital) 理論，討論跨國企業之投資計畫，在不同資金來源以及不同投資方式下，面對母國 (home country) 與地主國(host country) 之公司所得稅制規定，為傳統公司所得稅制或公司自有資本扣除制，對於資本使用者成本、有效邊際稅率 (effective marginal tax rate) 以及有效平均稅率(effective average tax rate) 的影響。
    結果發現，在公司自有資本扣除制下，可將資本的正常報酬 (normal returns) 排
    除於課稅所得，只對超額報酬 (extra normal returns) 課稅。因此，在公司自有資本扣除制下，資本使用者成本與沒有課稅相同，有效邊際稅率為0，使投資量增加。不僅如此，公司自有資本扣除制亦可將公司自有資本比照利息費用得以減除，因此解決了傳統公司所得稅制，權益融資與債權融資租稅待遇不同，導致企業在財源籌措上偏好以債權融資的扭曲行為。在跨國投資決策上，企業會偏好於傳統公司所得稅制
    的國家進行舉債，再將資金投資於實施公司自有資本扣除制的國家。另一方面，當兩國皆實施傳統公司所得稅制時，企業進行跨國投資會產生利息費用重複扣除(double dipping) 的問題，即使改實施公司自有資本扣除制，利息費用只會變成其他的費用型態，仍無法避免費用重複扣除的情況，只能透過簽訂租稅協定來解決此問題。
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    Description: 碩士
    國立政治大學
    財政研究所
    101255020
    103
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G1012550201
    Data Type: thesis
    Appears in Collections:[Department of Public Finance] Theses

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