The relationships of innovation and corporate tax avoidance - evidence from Taiwan

• Main Authors: Chang, Hsin Wei, 張心維
• Other Authors: Ho, Yi Cheng
• Format: Others
• Language: zh-TW
• Online Access: http://ndltd.ncl.edu.tw/handle/8s46g5

碩士 === 國立政治大學 === 財政學系 === 105 === According to the traditional theory, tax avoidance will reduce the tax burden of an enterprise, increase its net profit after tax, enhance the enterprise value, and further promote the shareholders' interests. However, benefits from tax avoidance often come with a price, and it does not necessarily increase shareholder's interest in consideration of tax risk and agency problem. This study aims mainly to explore the interrelationship between Taiwanese innovative listed enterprises and their tax avoidance behaviors. Different from previous studies where research expenditure is used as the innovation index, this study uses thirteen indicators, which represent innovation productivity and innovation quality, such as patent counts, patent citations and patent family and etc. Furthermore, the regression testing of this study is established with five parameters indicating tax avoidance behaviors such as effective tax rate and book-tax difference and etc. The empirical results show that, except for patent counts, the number of patents per capita and the number of citations per capita, remaining innovation indicators are significantly positively correlated with tax avoidance, and this is consistent with the traditional theoretical argument, which claims that the more innovative the enterprise is, the more tax avoidance behavior it engages in.