| dc.contributor.advisor | 陳明進 | zh_TW |
| dc.contributor.author (作者) | 徐有德 | zh_TW |
| dc.contributor.author (作者) | Hsu,Yo-Teh | en_US |
| dc.creator (作者) | 徐有德 | zh_TW |
| dc.creator (作者) | Hsu,Yo-Teh | en_US |
| dc.date (日期) | 2003 | en_US |
| dc.date.accessioned | 11-九月-2009 17:21:26 (UTC+8) | - |
| dc.date.available | 11-九月-2009 17:21:26 (UTC+8) | - |
| dc.date.issued (上傳時間) | 11-九月-2009 17:21:26 (UTC+8) | - |
| dc.identifier (其他 識別碼) | G0091353040 | en_US |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/30155 | - |
| dc.description (描述) | 碩士 | zh_TW |
| dc.description (描述) | 國立政治大學 | zh_TW |
| dc.description (描述) | 會計研究所 | zh_TW |
| dc.description (描述) | 91353040 | zh_TW |
| dc.description (描述) | 92 | zh_TW |
| dc.description.abstract (摘要) | 土地增值稅自民國九十一年二月一日起兩年內減徵百分之五十（民國九十三年一月又延長一年至九十四年一月三十一日止）。以往研究發現，當稅制改變時，股市會反應稅制變動所帶來的影響，但鮮少有研究探討稅制變動是否帶來公司實際交易改變之影響。本研究針對土地增值稅減半徵收對我國上市櫃公司土地交易的影響進行實證分析。研究結果發現（1）在減徵政策宣布之後，但實際生效之前，我國上市櫃公司傾向延後處分所持有的土地（2）整體統計資料顯示，土地增值稅減徵政策有助於刺激上市櫃公司進行土地交易以及處分具有較高未實現持有利得之土地之現象，但實證迴歸的結果並不支持。（3）本文實證迴歸結果顯示，營業虧損的公司以及擁有較多出售用土地的公司較會在土地增值稅減徵期間進行土地交易。 基於上述實證結果，本文推論，在減徵正式實施後所增加的土地交易，其背後的動機多為彌補本業虧損或藉由在減徵期間進行土地交易，墊高土地成本以降低未來租稅負擔。因此，由我國上市櫃公司土地交易情形觀之，此次土地增值稅減徵對於欲達到刺激經濟成長的目標，成效並不顯著。 | zh_TW |
| dc.description.abstract (摘要) | The Land Value Increment Tax (LVIT) has been halved for two years from Feb. 1, 2002. (The tax cut policy has been extended from two years previously to three years until Jan. 31, 2005). Prior studies found that the impacts of change in tax rate will be reflected on company stock prices, but fewer studies were aimed at the impacts of change in tax rate on real transactions. This study examines the impacts of LVIT cut on Taiwan’s listed and OTC companies land transactions. It is found that (1) According to the empirical results, listed and OTC companies deferred their land transactions after the announcement of the tax cut policy. (2) Based on the descriptive statistics results, it is found that the tax cut policy induces listed and OTC companies to sell land in the implementation period and to postpone selling land with higher holding gains during the announcement period to gather greater disposal gains. However, the regression results do not support the same conclusions. (3) The empirical results of this study provides evidence that higher Land-for-sale and Operating loss are important motives behind increased land transactions by listed and OTC companies in response to the tax cut policy. Based on the above-mentioned empirical results, this study infers that, as a result of the LVIT cut, the motives behind increased land transactions conducted by listed and OTC companies are for the purpose of reducing tax burden in the future or covering loss from operating activities. Consequently, this tax cut policy contributes little to efforts to stimulate economic upturn, since most of the listed and OTC companies only take advantage of the policy to gather tax benefit or to cover loss -- a development that is not beneficial for overall economic growth. | en_US |
| dc.description.tableofcontents | 1. Introduction 1 1.1 Motivation 1 1.2 Research objectives 4 1.3 Organization of contents 5 2. Literature Review 7 2.1 Theory of LVIT and the New Tax Policy 7 2.2 The impact of the new LVIT policy 10 2.3 The impact of taxation change on corporations 13 2.4 Earnings management and assets sales 16 3. Research methods 18 3.1 Hypotheses 18 3.2 Sample selection 20 3.3 Empirical models and Variables 20 4. Empirical Results 26 4.1 Sample selection results 26 4.2 Descriptive statistics on samples 29 4.3 Empirical results 32 4.4 Additional analysis 45 4.5 Summary of empirical results 46 5. Summary and conclusions 48 5.1 Conclusions 48 5.2 Research limitations 50 5.3 Suggestions 51 REFERENCES 54 | zh_TW |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0091353040 | en_US |
| dc.subject (關鍵詞) | 土地增值稅 | zh_TW |
| dc.subject (關鍵詞) | 土地增值稅減徵 | zh_TW |
| dc.subject (關鍵詞) | 土地交易 | zh_TW |
| dc.subject (關鍵詞) | 盈餘管理 | zh_TW |
| dc.subject (關鍵詞) | Land Value Increment Tax | en_US |
| dc.subject (關鍵詞) | Cut on Land value Increment Tax | en_US |
| dc.subject (關鍵詞) | Land transactions | en_US |
| dc.subject (關鍵詞) | Earnings management | en_US |
| dc.title (題名) | 土地增值稅減半徵收對公司土地交易之影響 | zh_TW |
| dc.title (題名) | The impacts of Land Value Increment Tax cut on corporate land transactions | en_US |
| dc.type (資料類型) | thesis | en |
| dc.relation.reference (參考文獻) | Bartov, E. 1993. The timing of asset sales and earnings manipulation. The accounting review 68, No4: 840-855 | zh_TW |
| dc.relation.reference (參考文獻) | Chou, Y. J. 2001. The questionable consequences of Land Value Increment Tax Cut Policy. Tax affairs 1807: 26-29, (in Chinese). 周亞杰，2001，減徵土地增值稅的疑慮，中國稅務旬刊，第一八○七期:26-29。 | zh_TW |
| dc.relation.reference (參考文獻) | Chang, C. T. 2001. Tax cut on the Land Value Increment Tax and incentive investment. Tax affairs 1803: 10-12, (in Chinese). 張清讚，2001，淺談土增稅減徵與誘導投資，中國稅務旬刊，第一八○三期：10-12。 | zh_TW |
| dc.relation.reference (參考文獻) | Chen, S. K. 2000. Information contents of disposal gains on land by Taiwan’s listed companies. Mater thesis, Graduate Institute of Accounting, National Chung Cheng University, (in Chinese). 陳世光，2000，台灣上市公司處分土地利得之資訊內涵，國立中正大學會計研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | Chen, C. Y. 2004. Tax revenue of LVIT in Taipei city increased significantly in 2004. Information of taxation, Taxation Administration of the Taipei city government, (in Chinese). 陳巧雲，2004，土地增值稅減半徵收二年申報件數較前二年大幅成長，台北市稅捐稽徵處新聞稿。 | zh_TW |
| dc.relation.reference (參考文獻) | Enis, C. R. and B. Ke. 2003. The Impact of the 1986 Tax Reform Act on Income Shifting from Corporate to Shareholder Tax Bases: Evidence from the Motor Carrier Industry. Journal of Accounting Research 41: 65-88. | zh_TW |
| dc.relation.reference (參考文獻) | Hong, D. W. 2001. A 50% tax cut on the Land Value Increment Tax, Tax affairs 1796: 11-12, (in Chinese). 洪東煒，2001，土地增值稅減稅方案之我見，中國稅務旬刊，第一七九六期：11-12。 | zh_TW |
| dc.relation.reference (參考文獻) | Hsiao, H. S. 2002. A study on earnings management of earning-declining companies. Doctor thesis, Graduate Institute of Accounting, National Cheng Kung University, (in Chinese). 蕭信義，2002，業績衰退公司盈餘管理之研究－以上市公司為例，國立成功大學會計研究所未出版博士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | Hsieh, M. R. 2001. The study of a tax cut on the Land Value Increment Tax, National policy forum 1 No8: 27-40, (in Chinese). 謝明瑞，2001，「土地增值稅減半徵收的探討」，國家政策論壇，第一卷，第八期：27-40。 | zh_TW |
| dc.relation.reference (參考文獻) | Hsieh, T. K. 2001. The myth of lowered land value increment tax, Tax affairs 1791: 17-20, (in Chinese). 謝宗貴，2001，調降土地增值稅之迷失，中國稅務旬刊，第一七九一期：17-20。 | zh_TW |
| dc.relation.reference (參考文獻) | Hsu, Y. C. 2003. The Drivers of Non-operating Income. Mater thesis, Graduate Institute of Accounting, National Changhua University of Education, (in Chinese). 許雅琪，2003，營業外損益動因分析之研究，國立彰化師範大學會計研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | Hua, Y. C. 1999. Research of tax on land holding, under consignment of the Taxation Agency, Ministry of Finance, (in Chinese). 華昌宜，1999，「土地持有課稅制度之研究」，財政部賦稅署及稅制委員會委託研究。 | zh_TW |
| dc.relation.reference (參考文獻) | Kuan, M. S. 1993. An Empirical Investigation of the Association between Disposal of Long-Term Assets and Earnings Manipulation. Mater thesis, Graduate Institute of Accounting, National Taiwan University, (in Chinese). 管夢欣，1992，長期性資產出售交易與盈餘操縱行為之關聯性實證研究，國立台灣大學會計研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | Lai, C. C. 2001. Speedy lowering land value increment tax to boost revenues, Tax affairs 1803: 8-9,(in Chinese). 賴崇慶，2001，請速減半土地增值稅以補救財經，中國稅務旬刊，第一八○三期：8-9。 | zh_TW |
| dc.relation.reference (參考文獻) | Lee, Yin 2003. A 50% tax cut on the Land Value Increment Tax, Tax affairs 1861: 12-16, (in Chinese). 李瑛，2003，從土地增值稅減半徵收談起，中國稅務旬刊，第一八六０期:12-16。 | zh_TW |
| dc.relation.reference (參考文獻) | Lee, L. C. and Huang, Y. C. 2001. Consideration of Land Value Increment Tax adjustment, Tax affairs 1791: 12-16, (in Chinese). 李禮仲及黃怡靜，2001，調整土地增值稅之思維，，第一七九一期:11-16。 | zh_TW |
| dc.relation.reference (參考文獻) | Lin, I. L. 2002. With the analysis of policy theory to see a 50% tax cut on the Land Value Increment Tax .Tax affairs 1838: 17-21, (in Chinese). 林愛莉，2002，從政策理論分析土增稅減徵二年，中國稅務旬刊，第一八三八期：17-21。 | zh_TW |
| dc.relation.reference (參考文獻) | Lin, L. Y. 2003. A Study of Stock Market Reactions to Half-Reducing Land Value Increment tax. Mater thesis, Graduate Institute of Accounting, National Taiwan University, (in Chinese). 林栗羽，2003，土地增值稅減半徵收之市場反應研究，國立台灣大學會計研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | Lin, S., M.C. Chen and T.J. Tsai. 2000. Stock Market Reaction to the Land Value Increment Tax Cut Policy. Journal Of Contemporary Accounting 1 No1, (in Chinese). 林世銘、陳明進及蔡天俊，2000，土地增值稅政策對股市之影響，當代會計，第一卷第一期:1-18。 | zh_TW |
| dc.relation.reference (參考文獻) | Lopez, T. J., P. R. Regier and T. Lee. 1998. Identifying tax-induced earnings management around TRA 86 as a function of prior tax-aggressive behavior. Journal of the American Taxation Association 20: 37-56. | zh_TW |
| dc.relation.reference (參考文獻) | Rees, L., S. Gill, and R. Gore. 1996. An investigation of asset write-downs and concurrent abcdrmal accruals. Journal of Accounting Research 34:157-169. | zh_TW |
| dc.relation.reference (參考文獻) | Sanger, C. F., Sirmans, and G. K. Turnbull. 1990. The effect of tax reform on real estate. Land Economics 66:409-424. | zh_TW |
| dc.relation.reference (參考文獻) | Scholes, M. S., G. P. Wilson, and M. A. Wolfson. 1992. Firm’s responses to anticipated reductions in tax rate: The Tax Reform Act of 1986. Journal of Accounting Research 30 (supplement): 161-185. | zh_TW |
| dc.relation.reference (參考文獻) | Sue, C. B., F. Ouyang and P. J. Lee. 2003.Research on the impact of lowered land value increment tax on local governmental finance, Public Finance Review 35 No1:84-101, (in Chinese). 蘇進步、歐陽峰及李佩娟，2003，土地增值稅減徵對地方財政影響之研究，財稅研究月刊，第三十五卷第一期：84-101。 | zh_TW |
| dc.relation.reference (參考文獻) | Wang, S. M. 2003. An Empirical Study on the Effect of the Reduction Policy of Land Value Increment Tax To Half For Two Years on the Stock Price of Real Estate Industry. Master thesis, Graduate Institute of Land Management, Private Feng Chia University, (in Chinese). 王琇嫚，2003，土地增值稅減半徵收兩年政策對營建業股價影響之研究，私立逢甲大學土地管理學研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | Wang, C. W. 2003. The effect of land tax cutting policy upon the housing industry. Mater thesis, Graduate Institute of National Development, National Taiwan University, (in Chinese). 王嘉緯，2003，土地稅減徵對房地產市場之影響，國立臺灣大學國家發展研究所未出版碩士論文。 | zh_TW |
| dc.relation.reference (參考文獻) | Wang, R. C., M. C. Chen and S. Lin. 2005. Stock Market Reaction to the Land Value Increment Tax Cut Policy, Review of Securities and Futures Market 16 No4: forthcoming, (in Chinese). 汪瑞芝、陳明進與林世銘，2005，土地增值稅減半徵收之股市效應，證券市場發展季刊，第十六卷第四期。 | zh_TW |
| dc.relation.reference (參考文獻) | Yung, M. L. 2001. An overall review of land value increment tax cut, Tax affairs 1803: 13-15, (in Chinese). 楊美玲，2001，調降土地增值稅面面觀，中國稅務旬刊，第一八○三期：13-15。 | zh_TW |
