| Summary: | 碩士 === 亞洲大學 === 經營管理學系碩士在職專班 === 101 === The goal of this research is to examine the impact of governmental luxury tax policies on the domestic real estate sector. In recent years, due to the influx of international hot money into Taiwan, real estate prices have skyrocketed. In an effort to deter and contain the situation, the government has opted to impose a luxury tax, which posed immediate and direct impact on the real estate and property management sectors. The introduction of luxury tax has sparked endless debates among the sectors, legislators and concerned government agencies. The study will first focus on relevant literatures and statistical data on Ministry of Finance and on the Ministry of Interior Affair’s immovable property transfer registration records for comparison to determine the factors that impact on the domestic real estate and property management sectors due to the imposition of luxury tax by the government. The next section of the research will involve the formulation of an interview outline, which would be reviewed by a panel of scholars and experts from relevant industries, government agencies and academe to establish its validity as a tool of the research before interviews are conducted. With the plan, location and relevant equipment laid out, samples were screened to verify the respondents and interviews were converted into transcripts for editing and comparison.
The choice of qualitative research was made in order to present a better interpretation of the question at hand and to find the best logical interpretation for one to understand the significance of the luxury tax phenomenon and thereby formulate new knowledge and insight. Through the process of deliberate reflection, supplemented with in-depth interpretation through accounts, texts and language, the reader would be able to gain in-depth knowledge on the topic of the luxury tax. Results showed that: (i) The imposition of a luxury tax by the government had a definite impact on Taiwan’s real estate industry; (ii) The imposition of a luxury tax had resulted in changes of pricing and transaction volume in the real estates of northern, central and southern Taiwan; (iii) The imposition of a luxury tax had resulted in a definite impact on the average citizens with the intention of purchasing houses and investors alike; (iv) The imposition of a luxury tax resulted in the reduction in transaction volume and stability of prices and in turn affected the management and operation of construction firms, real estate agencies and real estate attorneys; (v) The imposition of a luxury tax had resulted in the decline of local tax revenues for the government. Findings of the study shall serve as a useful reference in the future review of the luxury tax for government policy after it has been imposed for the full duration of two years.
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