英文摘要 |
The land value around MRT stations has increased remarkably since the operation of the Taipei MRT system, and this enables the local government to levy more land-related taxes on the land around MRT stations than elsewhere. However, the central government subsidizes local government MRT construction fees, which are not repaid to the central government. Therefore, the central government has recently developed the Tax Increment Financing System to capture the appreciation of land value and to increase the source of taxation so as to cover part of the construction expenses and to improve the self-liquidation ratio (SLR). Within this context, this paper aims to set up the financial model and selects the Wanda-Zhonghe-Shulin line within the Taipei MRT system as an example for a financial analysis. Through this financial analysis, this paper explores the relationship between the self-liquidation ratio and the review threshold related to the feasible range. Finally, this paper discusses some of the policy implications of findings that serve as a reference for establishing a future review system for MRT projects. |