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Since 1991,the govement deregulated establishment of new banks. Banks¡¦ earning ability has suffered a large-scale decline as a result of gradual reduction in interest differentials ,high homogeneity among financial products offered by various banks, and severe price competition. Upon joined with the WTO (World Trade Organization) in 2002, the government implemented the first stage of financial reformation. Following the establishment and implementation of the ¡§Financial Institution Merger Act¡¨ and ¡§Financial Holding company Law¡¨ on Nov.1, 2001. , fourteen financial holding companies have been established in Taiwan. Consequently, the financial institutions are permitted to operate across different fields of businesses, such as bankings, securities, life insurance, property and liability insurance, and other related businesses.Is it the only way that banks get the competition advantage? Therefore the purpose of this research is to explore the following matters¡G 1. To understand the trend towards of bank M&A . 2. To analyze which kind of resource that can make bank get advantage. 3. To understand the response strategies of banking. 4. To understand the response strategies of finance holding companies.

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The Legislative Yuan of the Republic of China has promulgated ¡uThe Income Basic Tax Act¡von December 9, 2005. The Income Basic Tax Act is more often known as Alternative Minimum Tax (AMT). This is a tax act to increase tax levies first time in twenty years. The enactment of Alternative Minimum Tax ensures a significant improvement on tax equity in Taiwan. For the past decades, the government has adopted a variety of tax exclusions, deductions, and credits in an attempt to achieve economic growth and social stability. Consequently, only very few percentages of people take advantages of these tax preferences, and an increasing number of people are losing their faith in the tax system. For this reason, the Ministry of Finance introduced Alternative Minimum Tax to solve the problems caused by the growing tax preferences, It is essential to revise all unfair tax preferences and outdated tax regulations to rebuild a better tax system. Surprisingly, tax preferences are sprinkled in more than thirty different laws. It is very difficult to have a complete overhaul. Learning experience from other countries, the Ministry of Finance now has enacted Alternative Minimum Tax. The high-income individuals and highly profitable corporations that used to pay little or no tax shall pay at least a minimum percentage of income tax for their tax liability. It is believed that much unfairness resulted from the abuse of tax preferences can possibly be avoided. The goals of taxation are not only to levy and collect tax to raise revenues in providing funds with which the government operates but also to reallocate nation¡¦s resources and maintain a stable society. The countries with free-market economy all highly value the equity or fairness of a tax system in order to attain the goals of taxation. Because our current tax system and collection process are outlined under Territoriality Principle and Physical Objects Trade assumption, the process of transaction and taxable entity can be clearly defined. Nevertheless, under Alternative Minimum Tax, the acknowledgement on taxpayers, sources of income, and types of income has become disputatious. As a result, the issues such as taxable entity, taxable scope, collection process, and tax evasion have started to surface. This study mainly explores the impacts and influences that Alternative Minimum Tax has brought to taxable entities, taxable basis and collection process under the current tax system. This study also discusses the latest development and collection problems that Alternative Minimum Tax facing. In conclusion, by using Delphi Technique, questionnaires, and integrating opinions from industry and government sectors, this study has made an effort to present some feasible and concrete suggestions for taxation authority to regulate new policies and draw up more effective strategies for taxation management based on Alternative Minimum Tax.

Under the information inconsistency between the owners and the chief managers of the bank, in the first part, I am going to discuss the effect of a strategic variable to the bank in a monopolistic competition market, which is a linear combination used as a incentive schemes As giving the chief managers the strategic inducement contract according to the linear combination of profit, the amount of loan and bad debt. In the thesis, I prove that the best strategic inducement contract is the contract which is based on the bank profit alone. It encourages the chief managers to make the best out of their effort, and it ensures the goal of benefit maximization of the bank can be achieved. In the second part of the discussion, I assume the market consists of two different types of bank. One is the stable and conservative type of bank, which set the main goal to maximize the profit. The designate strategic inducement contract is only aim to reward those who achieve the bank profit. Another bank has the strategic inducement contract not taking the profit as its main goal, for as it may take the amount of loan as reference. In the latter part of thesis, proving that although the conservative old school type bank is not comparable to the aggressive new bank in the growth rate of loan and spread, the net profit is clearly outperform the new bank. This also implies that the control of credit risk is the key to the amount of the profit to be made and the success in competition.

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