The Relationship between Halved Imputation Tax Credit and Dividend Policy

• Main Authors: HUANG,YA-LI, 黃雅莉
• Other Authors: HUANG,SHAIO-YAN
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/72866183921756717039

碩士 === 國立中正大學 === 會計與資訊科技研究所 === 104 === 　　When government passed the Amendment to the Income Tax Act of the Robust Finance Administration System in 2013, the imputation tax credit of the individual shareholders became 50% of the original amount after January 1, 2015. This paper studies the relationship between the new tax system and the dividend policies in public listed companies in Taiwan from 2011 to 2015. This research found that companies distribute dividends exceeding the EPS substantially before the year of implementation the Amendment. However, this situation is mitigated when institute stockholder own more stocks.