The Impact of Corporate Tax Avoidance on Next year's Capital Flow

• Main Authors: HU, WEN-CHIA, 胡文佳
• Other Authors: HUANG, MEI-JUH
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/2abac4

碩士 === 輔仁大學 === 會計學系碩士班 === 106 === The samples of this research are selected from listed companies in Taiwan from 2010 to 2015, two effective tax rates (ETRs) and permanent book-tax differences (BTDs) are used as measuring variables to discuss whether the excess capital flow under tax avoidance of enterprises would go to cash dividend, human capital and critical insider expenditure in next year. This research findings show that capital flow will go to these expenditures: 1. The cash dividend will be higher in next year under the measure of tax avoidance use BTDs. 2. The human capital of employee bonuses as well as board members remuneration and executive cash compensation will be higher in next year under the measure of tax avoidance use BTDs. 3. The RD expenditure of critical insider expenditure will be higher in next year under the measure of tax avoidance use BTDs. On the other hand, The capital expenditure of critical insider expenditure will be lower in next year under the measure of tax avoidance use current ETR. The first sensitivity analysis is used to test whether the increase or decrease of tax avoidance would influence corporate capital flow in next year. The research findings show that cash dividend and executive cash compensation will be increased, employee bonuses as well as board members remuneration will be declined. The second sensitivity analysis is used to test whether corporate capital flow in next year would increase or decrease under tax avoidance of enterprises. The research findings show that employee bonuses as well as board members remuneration and executive cash compensation will be increased, cash dividend and RD expenditure will be declined under tax avoidance of enterprises.