CAJ | 학술논문

为研究双边税收协定中饶让抵免条款对我国涉外投资的影响效应，运用2003~2010年37个国家的宏观面板数据，通过一个简单的实证分析模型分别检验了外国予以我国的税收饶让对外国对华直接投资(FDI)的影响以及我国予以外国的税收饶让对我国对外直接投资(ODI)的影响。结果表明，税收饶让明显刺激了外国直接投资流量，但并未发现税收饶让对我国对外直接投资具有显著的促进作用。据此，建议在进行双边税收谈判与协定签订时，既要争取外国对我国的饶让抵免优惠，也要积极给予对外投资战略合作国家以税收饶让，从而充分利用国际税收协定，促进国内战略资本的优化布局，实现“引进来”与“走出去”的双向协调。
위연구쌍변세수협정중요양저면조관대아국섭외투자적영향효응，운용2003~2010년37개국가적굉관면판수거，통과일개간단적실증분석모형분별검험료외국여이아국적세수요양대외국대화직접투자(FDI)적영향이급아국여이외국적세수요양대아국대외직접투자(ODI)적영향。결과표명，세수요양명현자격료외국직접투자류량，단병미발현세수요양대아국대외직접투자구유현저적촉진작용。거차，건의재진행쌍변세수담판여협정첨정시，기요쟁취외국대아국적요양저면우혜，야요적겁급여대외투자전략합작국가이세수요양，종이충분이용국제세수협정，촉진국내전략자본적우화포국，실현“인진래”여“주출거”적쌍향협조。
In order to study the effect of tax sparing terms in bilateral tax agreements on China's foreign-related invest-ment, this paper built up a simple empirical model through macro panel data for 37 countries in 2003-2010, to separately analyze the effect of tax sparing provided by foreign countries on foreign direct investment (FDI), as well as the effect of tax sparing provided to foreign countries on outbound direct investment (ODI). The results showed that tax sparing significantly stimulate FDI flows, but has no clear effect on ODI flows. Accordingly, this paper gave advise that providing tax sparing should be taken into consideration as well as requested for one during the negotiation of bilateral tax agreement, so that to take full advantage of international tax agreements to promote strategic capital layout and reach a two-way coordination on "bringing-in" and "going-out" strategy.