經由分析結果發現營所稅下降至17%對部份公司可能在資金槓桿的運用上轉為比較保守，因此避稅效果下降之下同時負債比也同時下降。而對整體產業來說並無顯著上的差異，可能是在產促條例落日後對ＩＣ產業的優惠減少等因素所照成的。 For company , Profit-seeking enterprise income tax cuts effect for financial structure is directly and Important, we often use debt ratio to represent the Company''s financial leverage , the study of observing changes in the ratio of corporate debt, By discussing the government''s practice policy that business tax cuts effect on the corporate debt ratio Analyzing the reduce part of the business income tax rate, we can explore whether there may be other supporting measures, And modify and improved.
This research method chose 18 IC design Company’s samples in Taiwan listed IC design company , according to Taiwan listed IC design company’s published financial statements to test the sample period are from 2006Q1 to 2011Q3. Then the date of government practice the tax cut as dividing point, the divided data separate into two variables :"before" and "after". The first phase use paired samples T-test to test each company debt ratio, Whether or not analyzing profit-seeking enterprise income tax cuts effect on Taiwan listed IC design company’s capital structure have significant effect.
That company use the leverage of funds to be more conservative, so the effect is to reduce tax liability and , ratio is also decline. The overall industry is un-significant different , so it may cause the Impact of Abolishing the Statute for Upgrading Industries on Taiwan company’s of the IC industry benefit factors