| Summary: | 碩士 === 嶺東科技大學 === 財政系財稅與會計資訊碩士班 === 102 === In 2008, the declared bankruptcy of Lehman Brothers Holding Inc. triggered a Global Financial Crisis. In order to save the financial system, many governments undertake the monetary policy of Quantitative Easing. In 2009, Taiwanese government cut Estate and Gift Tax rate down to 10%. This results of attracting a large number of oversea funds back to Taiwan. Due to the limitation of domestic financial investment instrument and lower holding cost of real estate, attracting oversea funds to invest in real estate market, made housing prices skyrocketed to what many described as unreasonable heights, resulting in near-poor household and salary rank families can’t afford a house of grievances. And the negative feelings of the people about extravagant consumption of priming effect lead to increasing price. In order to improve the housing market, promote tax fairness and create high quality tax environment, Taiwan government refer to the legislation in the United States, South Korea, Singapore and Hong Kong to develop “Specifically Selected Goods and Services Tax”.
The objects of this study are real estate in cities and counties in Taiwan, and the time frame is the fourth quarter of 2011 to the third quarter of 2013. This study used the method of regression analysis, to explore the impacts of Specifically Selected Goods and Services Tax on housing prices and quantity in cities and counties in Taiwan and analyze the effectiveness of its implementation. The empirical result show that on housing prices, Keelung City, New Taipei City, Yilan County, Taoyuan County, Chiayi City, Hsinchu County, Nantou County, Pingtung County and Hualin County of housing prices has not been directly affected by Specifically Selected Goods and Services Tax policy; in Yunlin County has positive significant impact; in Tainan City has negative significant impact. For housing quantity, Taichung City, Keelung City, Hsinchu County, Nantou County and Hualin County of housing quantity has not been directly affected by Specifically Selected Goods and Services Tax policy; in New Taipei City, Yilan County and Taoyuan County has positive significant impact; in Pingtung County has negative significant impact. The results of the implementation of the existing system of Specifically Selected Goods and Services Tax, for the inhibiting high housing prices, only Tainan City possessed inhibitory effect against housing prices. For Clamp down on short-term speculations, Pingtung County possessed inhibitory effect against housing quantity.
Keyword: Specifically Selected Goods and Services Tax; Housing Prices; Regression Analysis
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