| Summary: | 碩士 === 國立中興大學 === 財政學研究所 === 87 === Tax Integration was implemented on January First in 1998.
The main contents are full imputation company income tax and
impose 10% business income tax on unretained earnings. This
paper provides a formal model to examine how Taiwan’s tax
integration system can affect dividend policy, financial
policy, and investment decisions. To do this, it adopts an
framework which follows that of many international studies
including King(1983), Auerbach(1979), and Benge(1997). Besides,
this paper use the model to analyze investment decision of
Taiwan’s industry which may be affected by interactions with
the Taiwan capital gains tax provisions in times of inflation.
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