Impact of the Luxury Tax on the Housing and Stock Markets in Taiwan

碩士 === 國立高雄應用科技大學 === 財富與稅務管理系碩士在職專班 === 102 === The government in the past blasts real estate speculation policy as implemented by raising lending rates, to limit the number of loans or to promote social housing, etc. Although it’s effective in a short period but with limited success. The urban hou...

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Bibliographic Details
Main Authors: Pu-Ling Tsai, 蔡朴淩
Other Authors: Wen-Cnin Wei
Format: Others
Language:zh-TW
Published: 2014
Online Access:http://ndltd.ncl.edu.tw/handle/58111433493068304311
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Summary:碩士 === 國立高雄應用科技大學 === 財富與稅務管理系碩士在職專班 === 102 === The government in the past blasts real estate speculation policy as implemented by raising lending rates, to limit the number of loans or to promote social housing, etc. Although it’s effective in a short period but with limited success. The urban housing prices were still high. Since the Republic of China on the 1st of June, 2011, the luxury tax policy was implemented by the Government. Domestic housing market began to be affected. The government to promote the luxury tax, which is also the main reason for rising prices at the suppression. And although the luxury tax levied in price system can achieve the effect of the amount, but also cause personal consumption, and government revenue will reduce the phenomenon of short levy. Therefore, this research through structural equation modeling (Structural Equation Modeling, SEM) of the partial least squares (Partial Least Squares, PLS) can explore the intergovernmental policy, housing and stock markets interlocking relationships, the domestic housing market, the stock market had linked quite high, the stock market is a leading indicator of confidence in the housing market will react to the stock market. If the Taiwan stock market performance slack housing and market is bound to impact, watching the atmosphere and produce. The study found that Taipei and New Taipei City is the maximum impact of the luxury tax. As for Taoyuan, Taichung and Kaohsiung area, those areas are almost no sense of luxury tax, central and southern residential market is still from the guest for the main, rigid demand as a backup, even when subjected to political and economic influence, but the performance of the housing market remains stable.