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完整後設資料紀錄
DC 欄位 | 值 | 語言 |
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dc.contributor.advisor | 高偉娟(Wei-Chuan Kao) | |
dc.contributor.author | Chen-Yun Wu | en |
dc.contributor.author | 吳陳昀 | zh_TW |
dc.date.accessioned | 2021-05-11T05:00:46Z | - |
dc.date.available | 2019-07-25 | |
dc.date.available | 2021-05-11T05:00:46Z | - |
dc.date.copyright | 2019-07-25 | |
dc.date.issued | 2019 | |
dc.date.submitted | 2019-07-13 | |
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dc.identifier.uri | http://tdr.lib.ntu.edu.tw/handle/123456789/765 | - |
dc.description.abstract | 本研究旨在探討2017年美國稅改之折舊優惠對公司避稅行為之影響。美國在2017年開始實施減稅及工作法案(The Tax Cuts and Jobs Act H.R. 1,以下簡稱「TCJA」),其內容規定企業投入並使用合格資產當年,可自行選擇是否適用紅利折舊費用化,此對於企業而言,於2017年9月27日之後所購置合格資產,擁有更多租稅扣減折舊的彈性或更高額的可扣除金額,且此項利多可供企業自行規劃使用。為了解此減稅法案對美國公司避稅行為所造成之影響,本研究特別進行各項深入研究,藉以觀察公司是否趁折舊優惠政策實施之便,將合格資產支出作為其租稅規劃的工具之一。
本研究所採用之分析樣本係取自西元2015年至2018年美國S&P 1500之公司,利用這些樣本探究在TCJA下,有合格資產支出之公司,相較於無合格資產支出之公司之避稅程度差異。本研究透過「差異中之差異估計法」進行迴歸測試,實證結果顯示,受TCJA影響而有合格資產支出之公司相較於其他公司,其避稅程度較高。本研究進一步發現,TCJA對於風險容忍度較高及資本密集度較低特性之公司,所影響的避稅程度更為顯著,此可說明風險容忍度較高之公司,較有能力藉由合格資產支出以因應法案轉換之稅務風險,另外,新法簡化公司對於紅利折舊費用化的評估程序,亦促使資本密集度較低的公司使用合格資產支出以降低其稅賦負擔。 最後,本研究加入選擇偏誤的相關測試及安慰劑測試,亦獲得相同之實證結果,說明在美國稅改之折舊優惠影響下,公司取得彈性運用折舊費用化方式之權利後,其避稅規劃的程度會有所加劇,本研究釐清合格資產支出與公司避稅程度間之因果關係,得以消除學者於公司避稅相關研究時,使用資本支出變數作為控制變數之內生性疑慮,此外,亦提供政府於制定相關折舊優惠政策時,另一層面之考量。 | zh_TW |
dc.description.abstract | This study examines the effect of the depreciation breaks on corporate tax avoidance unter the 2017 Tax Cuts and Jobs Act (TCJA). The TCJA provides several methods for firms to depreciate their eligible properties acquired and placed into service after September 27, 2017. The bonus drepreciation policy gives taxpayers opportunities to maximize deductions when their income is subject to a higher rate of tax.
Using a sample between 2015 and 2018, the study examines how the investment of qualified assets affect corporate tax avoidance under a new bonus depreciation policy effective on Sepember, 2017 of the TCJA. A difference-in-differences analysis indicates that a firm with an investment of qualified assets has significantly more tax avoidance activities by exploiting the 2017 TCJA’s bonus depreciation policy. Additonally, the study also finds the results are stronger for firms with greater tolerance of risk and lower capital intensity. The results imply that the firms with greater risk tolerance have better capabilities to manage the exposure to tax risk when spending capital expenditure, and that the simplified rules enable the firms with lower capital intensity to increase capital expenditure to reduce their tax burdens. The results remain robust to self-selection bias and placebo test checks, providing the evidence that firms could use capital expenditure for tax saving under the TCJA. By reducing the concerns of reverse causality and omitted variables, this study may contribute to related literature, and lend a corporate tax avoidance perspective for the government to formulate relevant tax incentive policies. | en |
dc.description.provenance | Made available in DSpace on 2021-05-11T05:00:46Z (GMT). No. of bitstreams: 1 ntu-108-R06722012-1.pdf: 1581734 bytes, checksum: cab44aff98b456e5c23a36b02ab19bf7 (MD5) Previous issue date: 2019 | en |
dc.description.tableofcontents | 謝辭 ⅱ
中文摘要 ⅲ 英文摘要 ⅳ 目錄 ⅴ 圖目錄 ⅵ 表目錄 ⅶ 第一章 緒論 1 第二章 文獻回顧與假說發展 6 第一節 文獻回顧 6 第二節 假說發展 10 第三章 研究方法 12 第一節 資料來源與樣本選取 12 第二節 實證模型與變數定義 15 第四章 實證結果 23 第一節 敘述性統計 23 第二節 差異性分析 25 第三節 相關係數分析 29 第四節 迴歸實證結果分析 31 第五節 分組測試 33 第六節 安慰劑測試 37 第七節 額外測試 42 第五章 結論與建議 48 第一節 結論 48 第二節 研究限制與建議 49 參考文獻 50 附錄 53 | |
dc.language.iso | zh-TW | |
dc.title | 2017年美國稅改之折舊優惠對公司避稅行為之影響 | zh_TW |
dc.title | The Effect of The Depreciation Breaks on Corporate Tax Avoidance: Evidence from The Tax Cuts and Jobs Act of 2017 | en |
dc.date.schoolyear | 107-2 | |
dc.description.degree | 碩士 | |
dc.contributor.oralexamcommittee | 廖芝嫻(Chih-Hsien Liao),顏如君(Ju-Chun Yen) | |
dc.subject.keyword | 減稅及工作法案,避稅行為,裁決性永久財稅差異,有效稅率,資本支出, | zh_TW |
dc.subject.keyword | Tax Cuts and Jobs Act,Tax avoidance,Discretionary permanent book-tax Difference,Effective tax rate,Capital expediture, | en |
dc.relation.page | 54 | |
dc.identifier.doi | 10.6342/NTU201901143 | |
dc.rights.note | 同意授權(全球公開) | |
dc.date.accepted | 2019-07-15 | |
dc.contributor.author-college | 管理學院 | zh_TW |
dc.contributor.author-dept | 會計學研究所 | zh_TW |
顯示於系所單位: | 會計學系 |
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