The Research of The Problems of Bond Income Tax in Taiwan

• Main Authors: Yang, Li-min, 楊莉敏
• Other Authors: Lu,Daung-Yen
• Format: Others
• Language: zh-TW
• Published: 2000
• Online Access: http://ndltd.ncl.edu.tw/handle/11474924015810864662

碩士 === 淡江大學 === 會計學系 === 88 === There’s mainly two kinds of bond income ,one is capital income ,the other is interest income. The former is free of tax due to the Income Law, the latter is taxable. The research includes the tax regulation of capital and interest incomes from bond investment ,such as government bonds ,debenture stock ,finance bond and foreign bond . After realizing the current regulations and problems and referring to the legislations of foreign bond income tax , We research the following subjects by designed questionnaire: (1)To study the current regulations of income tax of bond in our country and find the problems in practical operations. (2)To realize the recognitions of bond income tax from different careers. (3)To realize the opinions of bond problems and taxation renovations from different careers , and offer concrete advises for the authorities reference. For the above mentioned purposes, we arrange local and foreign documents and design questionnaire to invesigate four specimen, including scholar, accountant, tax collector, investor. We analyze the gathered datas with Descriptive statistics, Chi-square test, Analysis of varance and Sheffe by the advises below: 1st: The improvement proposal of bond income tax According to the analysis of recognition of current bond taxation, and the optimum improvement proposal, We suggest the bond income be taxed as the short-term bond. All bond incomes are supposed to be taxed 20% as interest income. In the long term, we suggest the capital and interest incomes be added to annual individual income to be taxed, the capital loss is allowed to be deducted from income so as to conform to tax-fair principle. Interest income should be valuated and taxed with 「fair value」. The income tax should be collected by securities issuer or agent when bonds are transferred, and the appliance for 「saving and investment special deduction」-NT$270 thousand dollars should be reviewed. The bond items should be diversified and the minimum face value should be reduced. The repurchase (resale) bond should be dealed in loan. The new taxation regulations should apply to new economical activities. 2nd:Financial Accounting The accounting process of debt securities must be established an Statement of Financial Accounting Standards . Besides, the points of the principles is to valuate with 「fair value」, the repurchase (resale) bond must be dealed in loan, and to identify the bond is a loan or not depends on the risk and profit have been transferred or not. 3rd:Diminishing the dispution between tax collector and tax payer The authorities of tax should review the out-of-date laws and reinforce the tax propaganda and education. Moreover, the principles of tax accounting must consist with financial accounting as possible.