租稅協定、資訊交通條款與跨國公司的海外營運活動

Tax Treaty, Exchange-of-Information Clauses, and Overseas Activities of Multinational Corporations

陳香梅(Chen, Shinemay)；黃庭欣(Ting-Hsin Huang)

租稅協定 ； 資訊交換 ； 直接投資 ； 漁獵協定 ； 跨國公司 ； Tax Treaty ； Exchange of Tax Information ； Foreign Direct Investment ； Treaty Shopping ； Multinational Company

經濟研究

54卷1期（2018 / 01 / 31）

73 - 118

繁體中文

簽署租稅協定有助於增加對外投資的主張在實證文獻上並未得到一致的論斷。會有如此不一致的結果，文獻大都會歸因於租稅協定內容涵蓋了減輕重複課稅及防杜逃稅與避稅兩個同時存在但又互相衝突的目的。本文以2000年至2013年臺灣上市公司在79個國家所設立之6,960家海外關係企業的財務資料，首度探討租稅協定的資訊交換條款對臺灣上市公司海外子公司營運活動的影響。透過固定效果模型進行估計，結果顯示較嚴格的資訊交換規範就是降低海外營運活動的重要因素之一。

Tax authorities often emphasize the role of tax treaties in promoting foreign investment through double taxation relief. This paper adds to the literature by examining the impact of tax treaty and exchange-of-information clauses in foreign affiliate activity (measured by affiliate sales) of Taiwanese listed companies. Using 2000-2013 financial data of 6,960 subsidiaries located in 79 countries, we find that the foreign affiliate activity in countries that have tax treaties with Taiwan decreases. Higher standards of exchange of information for tax purposes play a vital role for this negative and significant result.

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