| dc.description.abstract | On July 25th, 2012, The Ordinance amendments of Income tax and Basic Income amount of Tax was three-reading through by Legislative Yuan and was scheduled to be in effect on Jan 1st, 2013. Thereafter, The Legislative Yuan adopted an Additional Ordinance amendment of Income tax which was retroacted to Jan 1st, 2013 and finally enacted the Security Transaction Income Tax on June 25th, 2013.
According to the above, this study is discussing the impact of levying Security Transaction Income Tax on Taiwan stock markets. The statistic method, Multivariate Repeat Measure, is used for observation on the variation of price and volume of Taiwan listed and OTC companies stocks. After the statistical analysis, it is finally realized that the impact is lower than markets expected and the activity of stock markets has no obvious effect by the Security Transaction Income tax as well.
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