| Summary: | 碩士 === 國立臺北商業技術學院 === 會計財稅研究所 === 100 === To follow the trend of industrial globalization, Taiwan government advocates the operational headquarter policy, providing tax-exemption for companies setting up operational headquarters in Taiwan. To uphold tax equity and to ensure tax revenue for the country, Taiwan has adopted Income Basic Tax Act (the Alternative Minimum Tax, AMT) since January 1, 2006. The objective of this study is to examine the effects of AMT on operational headquarters’ investment behavior.
The evidences we present support that the AMT resulted in a significant increase in the level of investment of operational headquarters. The empirical results also show that operational headquarters with hi-tech industry and operational headquarters with more capital expenditures decreased significantly in investment following the AMT. Besides, the operational headquarters which have lower rate of interest and rate of depreciation, larger output volatility and ratios of Q, their investment increase more.
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