The Impacts of 2018 Taiwan Tax Reform of Corporate Income Tax and Dividend Income Tax on Tax Burden

• Main Authors: Wu, Pei-Hung, 吳培弘
• Other Authors: 陳明進
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/b8xjh7

碩士 === 國立政治大學 === 會計學系 === 106 === This study, based on the financial statements of Taiwan listed companies for years 2013 to 2016, discusses the impacts of 2018 Taiwan tax reform of corporate income tax and dividend income tax on tax burdens and analyzes the determinants of tax burden differences. The empirical results of the study indicate that tax burden on companies increases. In addition, Firm size is positively related to the tax difference of the corporate income tax and negatively related to the tax difference of the surtax on undistributed earnings. For the investor, tax burden on dividend income faced by foreign investors increases, especially higher when the investment target has a higher price-to-book ratio, higher dividend yield, and a lower growth rate. In contrast, tax burden on dividend income faced by domestic investors decreases, especially lower when the investment target has a higher PB ratio and higher dividend yield. The results show that the tax burden differences between domestic and foreign investors reduce and achieve the objective of the tax reform.