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| Title: | 經濟實質法案對企業投資決策及避稅行為之影響
The Effects of Economic Substance Act on Investing Decisions and Tax Avoidance |
| Authors: | 蔡鎮宇
TSAI, CHEN-YU |
| Contributors: | 陳明進
汪瑞芝
Chen, Ming-Chin
Wang, Jui-Chih
蔡鎮宇
TSAI, CHEN-YU |
| Keywords: | 經濟實質法案
投資決策
反避稅
控股架構
Economic Substance Act
Investing decisions
Anti-tax avoidance
Holding Structure |
| Date: | 2023 |
| Issue Date: | 2023-09-01 14:39:33 (UTC+8) |
| Abstract: | 本研究旨在探討2019年各租稅天堂頒布並實施經濟實質法案後，公司股權投資決策與交易模式是否受到影響，並探討經濟實質法案之實施，是否將減少企業之避稅行為。本研究以我國2016年至2021之上市櫃公司進行迴歸分析。實證結果說明如下。首先，公司較傾向減少於租稅天堂設立子公司，原架設於租稅天堂之子公司，則較傾向裁撤或遷冊至其他非租稅天堂地區；第二，企業最大之控股層級將減少，反映企業將因經濟實質法案而精簡其股權架構；第三，企業將減少認列於租稅天堂子公司之營業收入；第四，企業之現金有效稅率將顯著增加。本研究除探討經濟實質法案對企業之影響外，亦對租稅天堂之現況給予評估，在租稅天堂稅務誘因降低之環境下，建議企業應採取適當行動，調整其核心收入活動，並說明中、長期租稅規劃策略之建構與實施方針。
This study aims to investigate the impact of the implementation of the Economic Substance Act in 2019 on corporate ownership structure decisions and transaction patterns in tax havens. It also examines whether the Act effectively reduces corporate tax avoidance. Regression analysis is conducted on data from Taiwan listed and over-the-counter companies in our country between 2016 and 2021.
The empirical findings are as follows. Firstly, companies tend to decrease the setup of subsidiary entities in tax havens. Subsidiaries previously located in tax havens are more likely to be terminated or relocated to non-tax haven jurisdictions. Secondly, there is a reduction in the pyramid layers, indicating a deliberate streamlining of holding structures in response to the Economic Substance Act. Thirdly, companies experienced a decline in the recognition of revenue generated by tax haven subsidiaries. Lastly, the effective cash tax rates borne by corporations show a significant increase.
In addition to examining the impact of the Act on corporate entities, this study evaluates the current state of tax havens. Given the reduced tax incentives in these jurisdictions, multinational companies should take appropriate actions to adjust their core revenue activities and develop and implement medium- to long-term tax planning strategies. |
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| Description: | 碩士
國立政治大學
會計學系
109353033 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0109353033 |
| Data Type: | thesis |
| Appears in Collections: | [會計學系] 學位論文
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