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題名 營所稅調降對投資、就業之影響
The Impact of Investment and Employment By the Income Tax Rate Reducing Policy
作者 陳法琳
貢獻者 連賢明
陳法琳
關鍵詞 有效稅率
營所稅調降
促產條例
投資
就業
Effective Tax rate
Corporate Income Tax Reduction
Statute for Upgrading Industries
Investment
Employment
日期 2021
上傳時間 2-Sep-2021 17:46:39 (UTC+8)
摘要 各國稅制改革的浪潮在2010年前後一波波掀起，而台灣亦然身處其中，其中以調降公司所得稅稅率作為改革方法的國家比例高達七成，為各國最常採納的稅制改革方式，故我國政府盼透過此次稅改能夠縮小產業間租稅負擔不均的問題，並帶動我國投資的成長從而促進就業。
本文以2007年至2012年上市櫃公司之非合併報表作為樣本研究對象，採用差異中差異（Difference in Differences，簡稱為DID）分析此次稅改對於企業投資及就業之影響。研究結果發現此次稅改使高科技產業之有效稅率顯著增加，投資不顯著減少，就業顯著增加；傳統產業之有效稅率顯著減少，投資顯著增加，就業不顯著增加，故整體而言，此次稅制改革能夠有效地解決不同產業間租稅負擔不一的問題，在有效稅率與投資上除了高科技產業的投資為不顯著減少，其餘皆符合預期，但在高科技產業的就業人數上與預期結果不符。
Many countries have begun tax reforms around 2010, and Taiwan is one of them.Among them, the most common method used by countries is to reduce corporate income tax and the proportion of countries using this method is as high as 70%. Therefore, our government hopes that through this reform, the problem of uneven tax burdens between industries can be reduced, and the growth of investment and employment can be promoted.
This article takes the non-consolidated financial statements of listed companies from 2007 to 2012 as the sample research target, and uses Difference in Differences (DID) to analyze the impact of the tax reform on corporate investment and employment. The results of the study found that the effective tax rate of high-tech industries increased significantly, investment didn’t decrease significantly, and employment increased significantly; the effective tax rate of traditional industries decreased significantly, investment increased significantly, and employment didn’t increase significantly. Overall, the tax system reform can effectively solve the problem of different tax burdens among different industries. In terms of effective tax rate and investment, except for the investment in high-tech industries, which is not significantly reduced, the rest are in line with expectations, but the number of employees in high-tech industries does not match the expected results.
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利秀蘭. (2016). 國內投資發展現況、課題與對策. 國家發展委員會經濟研究第16期.
何盈儒. (2020). 美國 2017 年稅改對企業之租稅負擔與財務策略影響. 政治大學會計學系學位論文, 1-65.
李添福. (2010). 稅率調整、稅收優惠與新企業所得稅法的有效性——來自中國上市公司的經驗證據. 經濟學家, 03, 67-72
李德瑞. (2017). 有效稅率對公司資金使用決策影響—以 2010 稅改為例. 政治大學財政學系學位論文, 1-58.
林惠玲, & 楊志海. (2014). 無形投資、創新與成長. 行政院主計總處委託研究.
林智聖. (2013). 臺灣調降營所稅對資金回流影響之實證研究. 國立成功大學會計學系碩士論文, 1-65.
林艷麗. (2015). 調降營所稅能否提高員工薪資與受僱人數？. 國立政治大學財政學系碩士論文, 1-56.
沈政安. (2015). 實施產業創新條例與調降營利事業所得稅稅率之租稅外溢效果.私立逢甲大學商學博士學位學程博士論文, 1-227.
陳正芳. (2013). 營利事業所得稅稅率調降對公司股利政策之影響. 台灣銀行季刊, 64, 84-99.
孫克難, & 劉涵泰. (2004). 臺灣邊際有效稅率、租稅減免與投資行為. 財稅研究, 36(6), 60-76.
孫克難, & 羅時萬. (2012). 台灣實施所得稅單一稅率制度之探討. 經濟論文叢刊, 40(3), 325-367.
財政部統計處. (2017). 進出口貨品結構性複分類之研修.
楊子江. (2013). 營利事業所得稅統計分析. 當代財政, 34, 63-73.
溫佩瑜. (2020). 營利事業所得稅調降對廠商投資之影響. 國立中央大學產業經濟研究所碩士論文, 1-43.
趙迎春. (2008). 新企業所得稅法對外商投資的近期效應分析. 稅務研究, (3)
廖惠玲. (2016). 台灣調降營所稅率及促產落日對企業資金運用之比較. 私立淡江大學會計學系碩士論文, 1-90.
劉慧鳳, &曹叡. (2011). 企業所得稅制度改革對投資的激勵效果——基於上市公司數據的實證檢驗. 稅務與經濟, (3), 88-95.
鍾佳蓉. (2008). 投資率與台灣經濟成長. 國家發展委員會.

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Bacchetta, P., Benhima, K., & Poilly, C. (2019). Corporate cash and employment. American Economic Journal: Macroeconomics, 11(3), 30-66.
Becker, J., Fuest, C., & Hemmelgarn, T. (2006). Corporate tax reform and foreign direct investment in Germany-evidence from firm-level data.
Bengoa, M., & Sanchez-Robles, B. (2003). Foreign direct investment, economic freedom and growth: new evidence from Latin America. European journal of political economy, 19(3), 529-545.
Benmelech, E., Bergman, N. K., & Seru, A. (2011). Financing labor (No. w17144). National Bureau of Economic Research.
Bettendorf, L., Horst, A. V. D., & De Mooij, R. A. (2009). Corporate tax policy and unemployment in Europe: An applied general equilibrium analysis. World Economy, 32(9), 1319-1347.
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Coad, A., & Rao, R. (2011). The firm-level employment effects of innovations in high-tech US manufacturing industries. Journal of Evolutionary Economics, 21(2), 255-283.
Cox, M., Peichl, A., Pestel, N., & Siegloch, S. (2014). Labor demand effects of rising electricity prices: Evidence for Germany. Energy Policy, 75, 266-277.
Cummins, J. G., Hassett, K. A., & Hubbard, R. G. (1996). Tax reforms and investment: A cross-country comparison. Journal of public Economics, 62(1-2), 237-273.
Davidsson, P., Delmar, F., & Wiklund, J. (2001). Tillväxtföretagen i Sverige (Growth firms in Sweden). SNS förlag.
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Devereux, M., & Liu, L. (2016). Stimulating investment through incorporation.
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描述 碩士
國立政治大學
財政學系
108255017
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0108255017
資料類型 thesis
dc.contributor.advisor 連賢明zh_TW
dc.contributor.author (Authors) 陳法琳zh_TW
dc.creator (作者) 陳法琳zh_TW
dc.date (日期) 2021en_US
dc.date.accessioned 2-Sep-2021 17:46:39 (UTC+8)-
dc.date.available 2-Sep-2021 17:46:39 (UTC+8)-
dc.date.issued (上傳時間) 2-Sep-2021 17:46:39 (UTC+8)-
dc.identifier (Other Identifiers) G0108255017en_US
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/137069-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 財政學系zh_TW
dc.description (描述) 108255017zh_TW
dc.description.abstract (摘要) 各國稅制改革的浪潮在2010年前後一波波掀起，而台灣亦然身處其中，其中以調降公司所得稅稅率作為改革方法的國家比例高達七成，為各國最常採納的稅制改革方式，故我國政府盼透過此次稅改能夠縮小產業間租稅負擔不均的問題，並帶動我國投資的成長從而促進就業。
本文以2007年至2012年上市櫃公司之非合併報表作為樣本研究對象，採用差異中差異（Difference in Differences，簡稱為DID）分析此次稅改對於企業投資及就業之影響。研究結果發現此次稅改使高科技產業之有效稅率顯著增加，投資不顯著減少，就業顯著增加；傳統產業之有效稅率顯著減少，投資顯著增加，就業不顯著增加，故整體而言，此次稅制改革能夠有效地解決不同產業間租稅負擔不一的問題，在有效稅率與投資上除了高科技產業的投資為不顯著減少，其餘皆符合預期，但在高科技產業的就業人數上與預期結果不符。		zh_TW
dc.description.abstract (摘要) Many countries have begun tax reforms around 2010, and Taiwan is one of them.Among them, the most common method used by countries is to reduce corporate income tax and the proportion of countries using this method is as high as 70%. Therefore, our government hopes that through this reform, the problem of uneven tax burdens between industries can be reduced, and the growth of investment and employment can be promoted.
This article takes the non-consolidated financial statements of listed companies from 2007 to 2012 as the sample research target, and uses Difference in Differences (DID) to analyze the impact of the tax reform on corporate investment and employment. The results of the study found that the effective tax rate of high-tech industries increased significantly, investment didn’t decrease significantly, and employment increased significantly; the effective tax rate of traditional industries decreased significantly, investment increased significantly, and employment didn’t increase significantly. Overall, the tax system reform can effectively solve the problem of different tax burdens among different industries. In terms of effective tax rate and investment, except for the investment in high-tech industries, which is not significantly reduced, the rest are in line with expectations, but the number of employees in high-tech industries does not match the expected results.		en_US
dc.description.tableofcontents 第一章 前言 1
第二章 制度介紹與文獻回顧 9
第一節 稅制概述 9
第二節 相關文獻 12
一、有效稅率改變對投資之影響 15
二、有效稅率改變對就業之影響 21
第三章 研究方法 25
第一節 樣本設計 25
第二節 產業分類與變數設定 28
一、產業分類 28
二、變數設定 29
第三節 模型設定 32
第四章 實證結果與分析 34
第一節 敘述統計 34
第二節 實證結果 39
一、政策實施後產業間有效稅率之變動 39
二、政策實施後產業間投資之變動 42
三、政策實施後產業間就業之變動 46
第五章 結論與建議 52
第一節 結論 52
第二節 研究建議與限制 54
參考文獻 55		zh_TW
dc.format.extent 1966068 bytes-
dc.format.mimetype application/pdf-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0108255017en_US
dc.subject (關鍵詞) 有效稅率zh_TW
dc.subject (關鍵詞) 營所稅調降zh_TW
dc.subject (關鍵詞) 促產條例zh_TW
dc.subject (關鍵詞) 投資zh_TW
dc.subject (關鍵詞) 就業zh_TW
dc.subject (關鍵詞) Effective Tax rateen_US
dc.subject (關鍵詞) Corporate Income Tax Reductionen_US
dc.subject (關鍵詞) Statute for Upgrading Industriesen_US
dc.subject (關鍵詞) Investmenten_US
dc.subject (關鍵詞) Employmenten_US
dc.title (題名) 營所稅調降對投資、就業之影響zh_TW
dc.title (題名) The Impact of Investment and Employment By the Income Tax Rate Reducing Policyen_US
dc.type (資料類型) thesisen_US
dc.relation.reference (參考文獻) 一、中文文獻
利秀蘭. (2016). 國內投資發展現況、課題與對策. 國家發展委員會經濟研究第16期.
何盈儒. (2020). 美國 2017 年稅改對企業之租稅負擔與財務策略影響. 政治大學會計學系學位論文, 1-65.
李添福. (2010). 稅率調整、稅收優惠與新企業所得稅法的有效性——來自中國上市公司的經驗證據. 經濟學家, 03, 67-72
李德瑞. (2017). 有效稅率對公司資金使用決策影響—以 2010 稅改為例. 政治大學財政學系學位論文, 1-58.
林惠玲, & 楊志海. (2014). 無形投資、創新與成長. 行政院主計總處委託研究.
林智聖. (2013). 臺灣調降營所稅對資金回流影響之實證研究. 國立成功大學會計學系碩士論文, 1-65.
林艷麗. (2015). 調降營所稅能否提高員工薪資與受僱人數？. 國立政治大學財政學系碩士論文, 1-56.
沈政安. (2015). 實施產業創新條例與調降營利事業所得稅稅率之租稅外溢效果.私立逢甲大學商學博士學位學程博士論文, 1-227.
陳正芳. (2013). 營利事業所得稅稅率調降對公司股利政策之影響. 台灣銀行季刊, 64, 84-99.
孫克難, & 劉涵泰. (2004). 臺灣邊際有效稅率、租稅減免與投資行為. 財稅研究, 36(6), 60-76.
孫克難, & 羅時萬. (2012). 台灣實施所得稅單一稅率制度之探討. 經濟論文叢刊, 40(3), 325-367.
財政部統計處. (2017). 進出口貨品結構性複分類之研修.
楊子江. (2013). 營利事業所得稅統計分析. 當代財政, 34, 63-73.
溫佩瑜. (2020). 營利事業所得稅調降對廠商投資之影響. 國立中央大學產業經濟研究所碩士論文, 1-43.
趙迎春. (2008). 新企業所得稅法對外商投資的近期效應分析. 稅務研究, (3)
廖惠玲. (2016). 台灣調降營所稅率及促產落日對企業資金運用之比較. 私立淡江大學會計學系碩士論文, 1-90.
劉慧鳳, &曹叡. (2011). 企業所得稅制度改革對投資的激勵效果——基於上市公司數據的實證檢驗. 稅務與經濟, (3), 88-95.
鍾佳蓉. (2008). 投資率與台灣經濟成長. 國家發展委員會.

二、英文文獻
Aivazian, V. A., Ge, Y., & Qiu, J. (2005). The impact of leverage on firm investment: Canadian evidence. Journal of corporate finance, 11(1-2), 277-291.
Alexiou, C. (2010). A Keynesian-Kaleckian model of investment determination: a panel data investigation. Journal of Post Keynesian Economics, 32(3), 427-444.
Appuhami, B. R. (2008). The impact of firms` capital expenditure on working capital management: An empirical study across industries in Thailand. International management review, 4(1), 8.
Bacchetta, P., Benhima, K., & Poilly, C. (2019). Corporate cash and employment. American Economic Journal: Macroeconomics, 11(3), 30-66.
Becker, J., Fuest, C., & Hemmelgarn, T. (2006). Corporate tax reform and foreign direct investment in Germany-evidence from firm-level data.
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dc.identifier.doi (DOI) 10.6814/NCCU202101219en_US