課徵特種貨物及勞務稅對我國房地產價格及成交量影響之探討

The Impacts of Specifically Selected Goods and Services Tax on Housing Prices and Quantity in Taiwan

邱戴玉(Tai-Yu Chiu)

指導教授 ： 黃健兒

共同指導教授 ： 袁泱

嶺東科技大學/財經學院/財稅與會計資訊研究所/碩士(2014年)

https://doi.org/10.6823/LTU.2014.00093

摘要

2008年雷曼兄弟控股公司倒閉引發金融海嘯，為了拯救金融體系，各國政府推出量化寬鬆政策，加上我國2009年初調降遺產及贈與稅至10%，吸引海外資金的大量回流，國內投資商品有限，卻未相對提供產業投資機會，導致游資氾濫，由於房地產的持有成本低，促使回流的資金紛紛投入不動產市場，使得國內部分地區房價不合理高漲，造成中低收入戶及受薪階級買不起房子的民怨。又因高額消費之誘發效果，帶動物價波動，引發民眾負面觀感。因此，為落實居住正義，營造優質租稅環境，政府參考美國、新加坡、南韓及香港之立法案例後，制定「特種貨物及勞務稅條例」。
本研究係以臺灣各縣市之房地產為研究對象，研究期間為2011年第4季至2013年第3季。本研究採取簡單迴歸分析方法，探討特銷稅對各縣市房地產價格及成交量的影響，並據以分析其執行成效。實證結果顯示，就房地產成交價，基隆市、新北市、宜蘭縣、桃園縣、嘉義市、新竹縣、南投縣、屏東縣及花蓮縣等縣市之房地產價格並未受到特銷稅政策直接的影響；對雲林縣之房地產價格呈現正向顯著影響；對臺南市則呈現負向顯著影響。而就成交量，臺中市、基隆市、新竹縣、南投縣、花蓮縣等縣市之房地產成交量並未受到特銷稅政策直接的影響；對新北市、宜蘭縣、桃園縣等縣市之房地產成交量呈現正向顯著影響；對屏東縣之房地產成交量則呈現負向顯著影響。各縣市特銷稅之施行成效，就抑制房地產價格的效果而言，僅有臺南市達到抑制效果，而打擊短期投機交易量的效果而言，以屏東縣達到抑制效果。

關鍵字

特種貨物及勞務稅 ； 房地產價格 ； 迴歸分析

並列摘要

In 2008, the declared bankruptcy of Lehman Brothers Holding Inc. triggered a Global Financial Crisis. In order to save the financial system, many governments undertake the monetary policy of Quantitative Easing. In 2009, Taiwanese government cut Estate and Gift Tax rate down to 10%. This results of attracting a large number of oversea funds back to Taiwan. Due to the limitation of domestic financial investment instrument and lower holding cost of real estate, attracting oversea funds to invest in real estate market, made housing prices skyrocketed to what many described as unreasonable heights, resulting in near-poor household and salary rank families can’t afford a house of grievances. And the negative feelings of the people about extravagant consumption of priming effect lead to increasing price. In order to improve the housing market, promote tax fairness and create high quality tax environment, Taiwan government refer to the legislation in the United States, South Korea, Singapore and Hong Kong to develop “Specifically Selected Goods and Services Tax”.
The objects of this study are real estate in cities and counties in Taiwan, and the time frame is the fourth quarter of 2011 to the third quarter of 2013. This study used the method of regression analysis, to explore the impacts of Specifically Selected Goods and Services Tax on housing prices and quantity in cities and counties in Taiwan and analyze the effectiveness of its implementation. The empirical result show that on housing prices, Keelung City, New Taipei City, Yilan County, Taoyuan County, Chiayi City, Hsinchu County, Nantou County, Pingtung County and Hualin County of housing prices has not been directly affected by Specifically Selected Goods and Services Tax policy; in Yunlin County has positive significant impact; in Tainan City has negative significant impact. For housing quantity, Taichung City, Keelung City, Hsinchu County, Nantou County and Hualin County of housing quantity has not been directly affected by Specifically Selected Goods and Services Tax policy; in New Taipei City, Yilan County and Taoyuan County has positive significant impact; in Pingtung County has negative significant impact. The results of the implementation of the existing system of Specifically Selected Goods and Services Tax, for the inhibiting high housing prices, only Tainan City possessed inhibitory effect against housing prices. For Clamp down on short-term speculations, Pingtung County possessed inhibitory effect against housing quantity.

並列關鍵字

Specifically Selected Goods and Services Tax ； Housing Prices ； Regression Analysis

參考文獻

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