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    政大機構典藏 > 商學院 > 財務管理學系 > 學位論文 >  Item 140.119/99320
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/99320

    Title: 儲蓄課稅觀點談自住不動產之購屋借款利息扣除
    Home Mortgage Interest Deduction: Perspective from Taxation on Savings
    Authors: 洪以儒
    Hung, Yi Ju
    Contributors: 陳國樑
    Chen, Joe
    Hung, Yi Ju
    Keywords: 自用住宅
    owner-occupied housing
    home mortgage interest deduction
    taxation on savings
    Date: 2016
    Issue Date: 2016-07-20 16:57:09 (UTC+8)
    Abstract: 近年高漲的房價成為民怨之首,不動產稅制的檢討聲浪又浮上檯面,紛紛將矛頭指向短期投資炒作的交易。「打房」的稅制改革隨著輿論壓力紛起,卻仍老調重彈的圍繞著稅基評價過低、持有稅負過輕等議題,並無通盤檢討不動產稅制之缺漏,欠缺基礎改革的決心。高舉「居住正義」的旌旗,「自用住宅」總成為稅法的例外、改革者的禁地,鮮少有人對於其租稅優惠提出質疑、檢討。
    Negative public opinions on the boom of housing market pressure the government to come up with measures to tame the high-rising housing price, among different policies, the taxation of real estate is the focus of the debate. Nonetheless, most tax reformers aim at speculative tradings and the holding of high-priced real estates, few rethink the tax preferences on owner-occupied housing.
    Through an extended two-period life-cycle consumption model with housing savings, we show that tax preferences on owner-occupied housing distort decisions on which to save. Tax preferences provide incentives for individuals to save more through owner-occupied housing due to the home mortgage interest deduction in personal income taxation. Moreover, the tax-free imputed rents add on the tax preferences of owner-occupied housing. Recent financial data show rising real-estate-related debts and tax returns data show increasing income tax expenditures on owner-occupied housing. Both evidences are consistent with the conclusion drawn from the theoretical model.
    Overall, the special tax preferences on owner-occupied housing have negative impacts both on efficiency and equity grounds. The so-called “rationale” of providing preferential tax treatment to owner-occupied housing cannot be justified. The issue at hand is how to reform the tax system in order to remove tax preferences on owner-occupied housing, the sooner the better.
    Reference: Andrews, Dan, Aida Caldera Sáchez, and Åsa Johansson. (2011), “Housing Markets and Structural Policies in OECD Countries,” Working Paper No.836, Paris: OECD Publishing.
    Cole, Adam J., Geoffery Gee, and Nicholas Turner. (2011), “The Distributional and Revenue Consequences of Reforming the Mortgage Interest Deduction,” National Tax Journal, 64(4), 977–1000.
    DeFusco, Anthony A. and Andrew Paciorek. (2014), “The Interest Rate Elasticity of Mortgage Demand: Evidence From Bunching at the Conforming Loan Limit,” Working Papers, Washington, D.C.: Finance and Economics Discussion Series, Federal Reserve Board.
    Dunsky, Robert M. and James R. Follain. (2000), “Tax-Induced Portfolio Reshuffling: The Case of the Mortgage Interest Deduction,” Real Estate Economics, 28(4), 683–718.
    Eng, Amanda, Harvey Galper, Georgia Ivsin, and Eric Toder. (2013), “Options to Reform The Deduction For Home Mortgage Interest,” Urban-Brookings Tax Policy Center.
    Engelhardt, Gary V., Michael D. Eriksen, William G. Gale, and Gregory B. Mills. (2010), “What Are the Social Benefits of Homeownership? Experimental Evidence for Low-Income Households,” The Journal of Urban Economics, 67(3), 249–258.
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    Description: 碩士
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0103255007
    Data Type: thesis
    Appears in Collections:[財務管理學系] 學位論文

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