碩士 / 國立政治大學 / 財政學系 / 106 / More than 60 percent of the investment structures in Taiwan’s listed companies are indirect holdings. Consequently, the conduit companies are very common to appear in corporates’ investment structures. Furthermore, the issues on tax information transparency become more vivid gradually. Consequently, most countries start to conclude Tax Information Exchange Agreements (TIEAs) or to include articles related to information exchange into the tax treaties; developing countries and tax havens are forced to sign TIEAs with developed countries under the international authorities’ pressures. Considering the aforementioned situations, this research examines and delineates how enterprises design their investing routes, the role of international tax factors, and how the mechanisms of information exchange affect global investment structures.
Among worldwide empirical researches, this present investigation is the first one to study in whether the mechanisms on tax information exchange have impacts on corporate structures. The study observes the ownership links of new registered foreign affiliates of Taiwan’s listed companies from 2001 to 2016. It emphasizes on investment chains to China as it represents nearly 40 percent of all investment chains – the biggest compared to other investment chains; thus, this investment chain might be able to predict how other investment chains plan their tax planning.
The empirical analysis grounds upon Tobit random effect model. This current research examines how international tax factors, such as Tax Information Exchange Agreements and Double Taxation Agreements, have influences on new registered foreign affiliate’s links. The results indicate that both agreements have impacts on new registered foreign affiliate’s links. Furthermore, the research also identifies which patterns MNEs can select to establish new registered affiliates through country-pair tax related factors and summarizes five possible investment routes.
Identifer | oai:union.ndltd.org:TW/106NCCU5303012 |
Date | January 2018 |
Creators | Lin, Yu-Hsiu, 林煜修 |
Contributors | Chen, Shinemay, 陳香梅 |
Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
Language | zh-TW |
Detected Language | English |
Type | 學位論文 ; thesis |
Format | 65 |
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