| Summary: | 碩士 === 逢甲大學 === 商學專業碩士在職學位學程 === 107 === The Panama Papers has aroused the attention for countries on tax avoid-ance issues. In order to grasp the taxation information effectively, coun-tries can prevent resident or enterprises from using overseas tax havens to avoid taxation, and transparent taxation and tax information exchanging have become a global trend.
Foreign Accounts Tax Compliance Act of USA and Common Reporting Standard (CRS) of Organization for Economic Co-operation and Development (OECD) are all using the information exchanging method to obtain the account information of the tax residents. Although Taiwan is not a member or CRS signatory country of OECD, Taiwan government has also revised the Article 5-1 of the Tax Collection ACT in May 2017 and set the legal basis for information exchanging and to meet international standards. Taiwan has signed financial account information exchanging with Japan and Australia, and it is expected to conduct in Sep-tember 2020.
This study explores the impact of CRS on taxation of R.O.C. The results of this study: There are many countries participated in CRS, and Taiwanese businessmen may consider transferring their funds back to Taiwan to invest under the Taiwan government’s tax amnesty policy. It is expected to have a positive impact on taxation. In the beginning of the implementation of CRS, overseas funds maybe stay in Taiwan in the short term for tax avoidance purpose. It is expected to have a positive and lim-ited impact on taxation. If the tax treaty with the financial account infor-mation exchanging is signed, it is expected to have a positive impact on taxation and a positive correlation with the number of countries. The tax treaty signed with China is not effective yet and it may cause double taxa-tion. If the tax treaty with China comes into effect, anti-tax avoidance with financial information exchange, it is expected positive impact on taxation.
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