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題名 我國租稅優惠對產業稅負及權益報酬之影響
The effect of tax incentives on pretax return on equity and tax burden of industries作者 林欣慧
Lin, Hsin Hui貢獻者 陳明進
Chen, Ming Chin
林欣慧
Lin, Hsin Hui關鍵詞 租稅優惠
促進產業發展
有效稅率
隱含稅
Tax incentives
Upgrading industries
Effective tax rates
Implicit taxes日期 2012 上傳時間 22-Jul-2013 10:19:49 (UTC+8) 摘要 本研究以實證方式探討我國經濟發展各階段，政府為發展特定產業所制定之各項租稅優惠，對於該產業租稅負擔之影響；為正確評估租稅獎勵之整體效果，本研究除以有效稅率作為衡量企業租稅負擔之標準外，更進一步以隱含稅理論之觀點，透過股東權益稅前報酬率之高低，檢視租稅優惠之施行是否將使企業所負擔之隱含稅負上升。本研究以我國上市及上櫃公司作為研究樣本，針對獎勵投資條例、促進產業升級條例與生技新藥產業發展條例適用期間分別選取不同產業及研究期間進行比較分析。整體而言，有效稅率之高低與租稅獎勵期間是否屆滿無顯著之相關性，可能是受到其他未納入因素之影響（如總體經濟與其他租稅優惠條例），導致租稅獎勵期間之效果不易顯現。關於股東權益稅前報酬率之實證結果則多與預期相符，支持隱含稅負存在之實證證據。
This study uses the empirical method to examine the impact of the tax incentives on certain industry during multistage of economic development in Taiwan. In order to assess the overall effect of the tax incentives correctly, we not only uses the effective tax rate as a measurement, but also adopts the implicit tax theory by using the pretax return on equity to examine whether applying the tax incentives makes the profit-seeking enterprises’ burden of implicit taxes going up.This study uses the financial statements of those companies listed on TSE and OTC in Taiwan and respectively collects data from various industries and from different research periods according to the implementation periods of Statute for the Encouragement of Investment, Statute for Upgrading Industry and Biotech and New Pharmaceutical Development Act. In our finding, the result suggests that the implementation periods of the tax incentives have no significant relationships with the effective tax rates, and may be affected by other factors that are not included in this study, such as macroeconomics or other tax incentives. As for the pretax return on equity, it expectedly supports the existence of implicit taxes.參考文獻 石齊平，1988，獎勵投資條例稅捐減免規定之檢討與建議（上），台北：行政院經濟建設委員會。吳瑞源、林松宏與賴秀卿，2011，最低稅負制隱稅效果之研究，當代會計，第12卷第2期（11月）：149-168。林世銘與楊朝旭，1994，上市公司營利事業所得稅負擔之研究，財稅研究，第26卷第6期：34-52。林怡伶，2007，中國上市公司有效稅率之實證研究，國立政治大學會計學系碩士論文。林昕妤，2008，歷年租稅獎勵投資條例與有效稅率之研究，逢甲大學會計與財稅研究所碩士論文。林筱佩，2004，兩稅合一前後股利所得隱含稅之研究，輔仁大學會計學系碩士論文。周依潔，2008，中國大陸上市公司隱含稅之研究，國立政治大學會計學系碩士論文。周添城、徐偉初、宋秀玲與李新仁，1989，部門、產業間之稅負分配研究，財政部賦稅改革委員會專題報告。周添城、徐偉初與李新仁，1989，不同企業規模、組織之稅負分配研究，財政部賦稅改革委員會專題報告。胡子仁，2000，我國租稅獎勵措施對營利事業有效稅率影響之實證研究，國立政治大學會計學系碩士論文。姚彥成，2006，上市公司赴大陸投資對有效稅率影響之研究，國立政治大學會計學系碩士論文。翁啟惠，2007，生技製藥產業在台灣的發展，總統府月會專題報告。陶百芸，2005，轉投資收益股利扣抵之隱稅效果，國立成功大學會計學研究所碩士論文。陳明進，2002，營利事業有效稅率決定因素之實證研究，會計評論，第34期（1月）：57-75。陳明進，2003，我國租稅優惠對營利事業租稅負擔之影響，管理評論，第22卷（1月）：127-151。陳明進，2007，兩稅合一實施前後公司有效稅率之研究─上市櫃公司與非上市櫃公開發行公司之比較，財稅研究，第39卷第5期：41-61。陳明進，2009，股利所得及股東可扣抵稅額隱含稅之實證研究，證券市場發展季刊，第20卷 (1月)：87-117.陳明進、汪瑞芝與蔡靜文，2003，我國兩稅合一前後公司有效稅率之研究，財稅研究，第35卷第5期：120-134。黃美祝與李映茹，2009，最低稅負制對企業租稅負擔影響之研究─高科技產業與傳統產業之比較，當代會計，第10卷（11月）：189-224。黃柏堯，2011，利用分量迴歸驗證最低稅負前後隱含稅負效果之研究，中國文化大學會計學系碩士論文。經濟部工業局，2012，生技產業白皮書，臺北市：經濟部工業局。楊麗文，1997，由我國上市公司有效稅率租稅負擔談我國租稅政策─「獎勵投資條例」與「促進產業升級條例」比較，私立東海大學管理研究所碩士論文。廖文揚，2004，台灣地區上市上櫃公司隱含稅負之研究，國立台灣大學會計學研究所碩士論文。蔡素幸，1993，臺灣上市公司規模與有效稅率關係之實證研究─實徵會計理論政治成本假設之探討，國立中山大學企業管理研究所碩士論文。蕭淑雲，2011，員工分紅費用化對企業有效稅率之影響，輔仁大學會計學系碩士論文。蘇麗雀，2004，我國公司規模與有效稅率關係之研究，逢甲大學會計與財稅研究所碩士論文。Adhikari, A., C. 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An application of the Scholes and Wolfson model to examine the relation between implicit and explicit taxes and firm market structure: An analysis. Journal of American Taxation Association 23 (Fall): 59-67.Wu, L., Y. Wang, W. Luo, and P. Gillis. 2012. State ownership, tax status and size effect of effective tax rate in China. Accounting and Business Research 42 (2): 97-114.Zimmerman, J. 1983. Taxes and firm size. Journal of Accounting and Economics 5 (2): 119-149. 描述 碩士
國立政治大學
會計研究所
100353053
101資料來源 http://thesis.lib.nccu.edu.tw/record/#G0100353053 資料類型 thesis dc.contributor.advisor 陳明進 zh_TW dc.contributor.advisor Chen, Ming Chin en_US dc.contributor.author (Authors) 林欣慧 zh_TW dc.contributor.author (Authors) Lin, Hsin Hui en_US dc.creator (作者) 林欣慧 zh_TW dc.creator (作者) Lin, Hsin Hui en_US dc.date (日期) 2012 en_US dc.date.accessioned 22-Jul-2013 10:19:49 (UTC+8) - dc.date.available 22-Jul-2013 10:19:49 (UTC+8) - dc.date.issued (上傳時間) 22-Jul-2013 10:19:49 (UTC+8) - dc.identifier (Other Identifiers) G0100353053 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/58924 - 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) 100353053 zh_TW dc.description (描述) 101 zh_TW dc.description.abstract (摘要) 本研究以實證方式探討我國經濟發展各階段，政府為發展特定產業所制定之各項租稅優惠，對於該產業租稅負擔之影響；為正確評估租稅獎勵之整體效果，本研究除以有效稅率作為衡量企業租稅負擔之標準外，更進一步以隱含稅理論之觀點，透過股東權益稅前報酬率之高低，檢視租稅優惠之施行是否將使企業所負擔之隱含稅負上升。本研究以我國上市及上櫃公司作為研究樣本，針對獎勵投資條例、促進產業升級條例與生技新藥產業發展條例適用期間分別選取不同產業及研究期間進行比較分析。整體而言，有效稅率之高低與租稅獎勵期間是否屆滿無顯著之相關性，可能是受到其他未納入因素之影響（如總體經濟與其他租稅優惠條例），導致租稅獎勵期間之效果不易顯現。關於股東權益稅前報酬率之實證結果則多與預期相符，支持隱含稅負存在之實證證據。 zh_TW dc.description.abstract (摘要) This study uses the empirical method to examine the impact of the tax incentives on certain industry during multistage of economic development in Taiwan. In order to assess the overall effect of the tax incentives correctly, we not only uses the effective tax rate as a measurement, but also adopts the implicit tax theory by using the pretax return on equity to examine whether applying the tax incentives makes the profit-seeking enterprises’ burden of implicit taxes going up.This study uses the financial statements of those companies listed on TSE and OTC in Taiwan and respectively collects data from various industries and from different research periods according to the implementation periods of Statute for the Encouragement of Investment, Statute for Upgrading Industry and Biotech and New Pharmaceutical Development Act. In our finding, the result suggests that the implementation periods of the tax incentives have no significant relationships with the effective tax rates, and may be affected by other factors that are not included in this study, such as macroeconomics or other tax incentives. As for the pretax return on equity, it expectedly supports the existence of implicit taxes. en_US dc.description.tableofcontents 目錄 I圖表目錄 II第一章、緒論 1第一節 研究動機與目的 1第二節 研究問題 3第三節 研究架構 4第二章、文獻探討 6第一節 有效稅率 6第二節 隱含稅 29第三節 我國租稅優惠政策之演變 41第三章、研究方法 50第一節 研究假說 50第二節 實證模型與變數之定義與衡量 59第三節 資料來源與樣本篩選 70第四章、實證結果與分析 79第一節 敘述統計分析 79第二節 相關係數分析 89第三節 迴歸結果與分析 101第五章、結論與建議 110第一節 研究結論 110第二節 研究限制 113第三節 研究建議 114參考文獻 116 zh_TW dc.format.extent 3202253 bytes - dc.format.mimetype application/pdf - dc.language.iso en_US - dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0100353053 en_US dc.subject (關鍵詞) 租稅優惠 zh_TW dc.subject (關鍵詞) 促進產業發展 zh_TW dc.subject (關鍵詞) 有效稅率 zh_TW dc.subject (關鍵詞) 隱含稅 zh_TW dc.subject (關鍵詞) Tax incentives en_US dc.subject (關鍵詞) Upgrading industries en_US dc.subject (關鍵詞) Effective tax rates en_US dc.subject (關鍵詞) Implicit taxes en_US dc.title (題名) 我國租稅優惠對產業稅負及權益報酬之影響 zh_TW dc.title (題名) The effect of tax incentives on pretax return on equity and tax burden of industries en_US dc.type (資料類型) thesis en dc.relation.reference (參考文獻) 石齊平，1988，獎勵投資條例稅捐減免規定之檢討與建議（上），台北：行政院經濟建設委員會。吳瑞源、林松宏與賴秀卿，2011，最低稅負制隱稅效果之研究，當代會計，第12卷第2期（11月）：149-168。林世銘與楊朝旭，1994，上市公司營利事業所得稅負擔之研究，財稅研究，第26卷第6期：34-52。林怡伶，2007，中國上市公司有效稅率之實證研究，國立政治大學會計學系碩士論文。林昕妤，2008，歷年租稅獎勵投資條例與有效稅率之研究，逢甲大學會計與財稅研究所碩士論文。林筱佩，2004，兩稅合一前後股利所得隱含稅之研究，輔仁大學會計學系碩士論文。周依潔，2008，中國大陸上市公司隱含稅之研究，國立政治大學會計學系碩士論文。周添城、徐偉初、宋秀玲與李新仁，1989，部門、產業間之稅負分配研究，財政部賦稅改革委員會專題報告。周添城、徐偉初與李新仁，1989，不同企業規模、組織之稅負分配研究，財政部賦稅改革委員會專題報告。胡子仁，2000，我國租稅獎勵措施對營利事業有效稅率影響之實證研究，國立政治大學會計學系碩士論文。姚彥成，2006，上市公司赴大陸投資對有效稅率影響之研究，國立政治大學會計學系碩士論文。翁啟惠，2007，生技製藥產業在台灣的發展，總統府月會專題報告。陶百芸，2005，轉投資收益股利扣抵之隱稅效果，國立成功大學會計學研究所碩士論文。陳明進，2002，營利事業有效稅率決定因素之實證研究，會計評論，第34期（1月）：57-75。陳明進，2003，我國租稅優惠對營利事業租稅負擔之影響，管理評論，第22卷（1月）：127-151。陳明進，2007，兩稅合一實施前後公司有效稅率之研究─上市櫃公司與非上市櫃公開發行公司之比較，財稅研究，第39卷第5期：41-61。陳明進，2009，股利所得及股東可扣抵稅額隱含稅之實證研究，證券市場發展季刊，第20卷 (1月)：87-117.陳明進、汪瑞芝與蔡靜文，2003，我國兩稅合一前後公司有效稅率之研究，財稅研究，第35卷第5期：120-134。黃美祝與李映茹，2009，最低稅負制對企業租稅負擔影響之研究─高科技產業與傳統產業之比較，當代會計，第10卷（11月）：189-224。黃柏堯，2011，利用分量迴歸驗證最低稅負前後隱含稅負效果之研究，中國文化大學會計學系碩士論文。經濟部工業局，2012，生技產業白皮書，臺北市：經濟部工業局。楊麗文，1997，由我國上市公司有效稅率租稅負擔談我國租稅政策─「獎勵投資條例」與「促進產業升級條例」比較，私立東海大學管理研究所碩士論文。廖文揚，2004，台灣地區上市上櫃公司隱含稅負之研究，國立台灣大學會計學研究所碩士論文。蔡素幸，1993，臺灣上市公司規模與有效稅率關係之實證研究─實徵會計理論政治成本假設之探討，國立中山大學企業管理研究所碩士論文。蕭淑雲，2011，員工分紅費用化對企業有效稅率之影響，輔仁大學會計學系碩士論文。蘇麗雀，2004，我國公司規模與有效稅率關係之研究，逢甲大學會計與財稅研究所碩士論文。Adhikari, A., C. 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