2007-05-012024-05-17https://scholars.lib.ntu.edu.tw/handle/123456789/681682摘要：我國建立稀釋資本課稅制度之研究 中文摘要 我國於民國94年1月實施移轉訂價(transfer pricing)制度，已在所得稅法第43條之ㄧ中加以規定。為維護我國稅收的穩健，需有妥善之配套措施，其中最重要者乃為跨國企業的稀釋自有資本課稅制度(thin capitalization rules or earning stripping rules)之建立，即國內子公司或分公司向其國外母公司以借款方式取代股權方式融通資金，期能應用支付鉅額利息作為費用扣抵之方式，以降低其在國內應負擔之所得稅。本研究案之主旨為探討我國實施稀釋資本課稅制度之可行性、效益性、時程及方法，並研擬相關法規條文草案及後續配套措施之建議。 許多國家稅法允許公司的利息支出適用租稅扣抵，而紅利則須自稅後公司所得中支付，因而許多國家對企業的舉債融通較募集股權融通能享受較輕的稅負；跨國公司須面臨國內與國外複雜的稅制，常藉各種租稅規劃方式進行節稅或避稅，各國政府乃設計有關制度思加以防範，以避免稅收的過度損失，跨國公司因應稅制與資本市場狀況以調整其融通與投資決策，常採行租稅遞延(tax deferral) 移轉定價或企業內部貸款(inter-company loans)融通投資等策略以降低稅負。 由於各國對於企業債務利息之稅負規定不同，跨國公司可以選擇債務融通方式以獲得租稅節約之利益，常使跨國公司利用較高利息費用扣除之投資所在地國規定，來選擇較必要所需為高的財務槓桿(leverage)操作，一旦租稅政策變化使得跨國企業重新調整其再各投資國家之資本結構，結果對於受控公司的國內稅基將造成嚴重侵蝕。 本研究之目標列舉如下: 1.彙整國外稀釋資本課稅制度之內容及立法方式。 2.研析我國實施稀釋資本課稅制度之可行性、效益性、時程及方法，若資料容許將嘗試估計該制度對稅收的可能影響；並研擬相關稅法條文草案及後續配套措施，作為政府施政之重要參考。 3.歸納研究發<br> Abstract: A Study on the Thin-Capitalization Rules in Taiwan Abstract In January 2006 a provision of transfer pricing has been promulgated in Taiwan, although it was enacted into Article 43-1 of the Income Tax Act. Article 43-1 governs the transfer pricing activities both domestic firms and multinational firms, and this Article ought to be accompanied by rules of thin-capitalization or earning stripping rules. Transnational corporations have enhanced opportunities to respond to taxation with financing and investment decisions. Usually corporations finance their investments with the strategies of tax deferring, transfer pricing, inter-company loans or rather complex strategies. The tax-planning activities by transnational corporations result in lower corporation tax revenues. Several countries permit interests expenses can be deducted from revenues, whereas dividend payment ought to be subtracted from after-tax earnings. Because tax deduction of interest payment will enjoy at tax saving, transnational corporations can usually design a high leverage ratio to minimize their tax burden. This kind of tax-planning will lead to the choice of investment locations. However, that will result in coercion of corporation tax base. Many countries have taken consideration or already legislated to prevent tax avoidance. In addition, transnational corporations make the capital structure choice in terms of debt and equity internally to minimize tax burden. Governments impose restrictions on the capital structure choice – thin capitalization rules, which deny interest deductions on inter-company debt if the debt-equity ratio or interest expenses exceed certain thresholds. This project aims to conduct the followings: 1.Summarizing of international experiences of thin-capitalization rules. 2.Feasibility, benefits, timing and steps of imposing thin-capitalization rules as well as revision of accompanying tax codes in Taiwan. And the estimation of possible tax revenues when thin-capitalization rules will be imposed. 3.Findings and conclusions to the proposal of taxation administration for the purpose of taxation equity.稀釋資本法則跨國公司槓桿比率所得稅thin-capitalization rules transnational corporations leverage ratio income tax