부산대학교 도서관

In order to promote competitive advantages of Taiwan’s industries and meet the needs of its economic development, the government enacted regulations “the Statute for the Encouragement of Investment”, “the Statute for Upgrading Industry”, and “the Act for Industrial Innovation”, in order of precedence. The underlying rationale for such regulations lies in tax deductions as incentives for firms to invest in research and development. After the Statute for Upgrading Industry terminated in 2009, the Act for Industrial Innovation went into operation and reduced enterprise income tax rate. The purpose of the current study is to explore whether such changes in tax policies would have fostered corporate investment in R ＆ D expenditures. The current study used the data of 2009 and 2010 for-profit enterprise income tax filings collected from the National Tax Administration of Northern Taiwan province. SPSS and Stata were used to run regression analyses. The data yielded four major findings: (1) The changes in tax deductions for R ＆ D investment intensity had no significant effect on actual corporate R ＆ D expenditures; (2) R ＆ D investment had no moderating effect on the changes in tax deductions for R ＆ D investment; (3) The size of firms and the amount of tax payable had a positive effect on the changes in R ＆ D expenditures; (4) Cash flow had a negative effect on the changes in R ＆ D expenditures.