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09:59:26","會議時間":"2026-03-18T09:00:00+08:00","會議名稱":"立法院第11屆第5會期財政委員會第3次全體委員會議（事由：邀請金融監督管理委員會彭主任委員金隆率所屬機關首長暨中央存款保險股份有限公司、監管相關機構有關之財團法人、臺灣證券交易所股份有限公司、臺灣期貨交易所股份有限公司、臺灣集中保管結算所股份有限公司等董事長、總經理列席業務報告，並備質詢。）","transcript":{"pyannote":[{"speaker":"SPEAKER_02","start":0.77346875,"end":0.9422187500000001},{"speaker":"SPEAKER_02","start":1.66784375,"end":2.68034375},{"speaker":"SPEAKER_02","start":3.2878437500000004,"end":3.94596875},{"speaker":"SPEAKER_01","start":3.37221875,"end":4.8572187499999995},{"speaker":"SPEAKER_01","start":9.278468750000002,"end":9.76784375},{"speaker":"SPEAKER_02","start":10.15596875,"end":10.61159375},{"speaker":"SPEAKER_02","start":10.898468750000003,"end":12.231593750000002},{"speaker":"SPEAKER_02","start":12.56909375,"end":31.48596875},{"speaker":"SPEAKER_02","start":31.70534375,"end":35.23221875},{"speaker":"SPEAKER_02","start":35.65409375,"end":37.42596875},{"speaker":"SPEAKER_02","start":37.66221875,"end":38.16846875},{"speaker":"SPEAKER_02","start":38.52284375,"end":40.868468750000005},{"speaker":"SPEAKER_02","start":41.27346875,"end":43.95659375},{"speaker":"SPEAKER_02","start":44.32784375,"end":45.711593750000006},{"speaker":"SPEAKER_02","start":46.62284375,"end":48.09096875},{"speaker":"SPEAKER_02","start":48.85034375,"end":52.157843750000005},{"speaker":"SPEAKER_02","start":52.697843750000004,"end":53.744093750000005},{"speaker":"SPEAKER_02","start":54.65534375,"end":54.992843750000006},{"speaker":"SPEAKER_02","start":55.752218750000004,"end":71.31096875},{"speaker":"SPEAKER_02","start":71.68221875,"end":73.06596875000001},{"speaker":"SPEAKER_02","start":73.55534375,"end":91.42596875000001},{"speaker":"SPEAKER_02","start":91.54409375,"end":91.74659375},{"speaker":"SPEAKER_01","start":91.74659375,"end":91.83096875000001},{"speaker":"SPEAKER_02","start":91.83096875000001,"end":93.21471875},{"speaker":"SPEAKER_01","start":92.32034375,"end":92.35409375},{"speaker":"SPEAKER_01","start":92.38784375,"end":92.48909375000001},{"speaker":"SPEAKER_01","start":93.50159375000001,"end":104.36909375},{"speaker":"SPEAKER_01","start":104.55471875,"end":125.49659375},{"speaker":"SPEAKER_02","start":125.02409375,"end":136.95471875},{"speaker":"SPEAKER_01","start":137.19096875,"end":147.56909375},{"speaker":"SPEAKER_02","start":147.38346875000002,"end":210.73221875000002},{"speaker":"SPEAKER_02","start":210.81659375,"end":230.61096875},{"speaker":"SPEAKER_00","start":221.12721875000003,"end":221.19471875000002},{"speaker":"SPEAKER_02","start":230.99909375000001,"end":231.23534375000003},{"speaker":"SPEAKER_02","start":231.38721875000002,"end":271.66784375000003},{"speaker":"SPEAKER_02","start":272.02221875000004,"end":272.03909375},{"speaker":"SPEAKER_02","start":272.05596875000003,"end":275.44784375},{"speaker":"SPEAKER_02","start":276.29159375,"end":280.67909375},{"speaker":"SPEAKER_01","start":280.89846875,"end":281.06721875},{"speaker":"SPEAKER_01","start":281.99534375,"end":283.91909375},{"speaker":"SPEAKER_02","start":283.63221875,"end":284.99909375000004},{"speaker":"SPEAKER_02","start":285.16784375000003,"end":288.45846875},{"speaker":"SPEAKER_01","start":289.63971875000004,"end":294.31409375000004},{"speaker":"SPEAKER_02","start":291.02346875,"end":293.52096875},{"speaker":"SPEAKER_00","start":294.31409375000004,"end":294.33096875},{"speaker":"SPEAKER_02","start":294.53346875,"end":295.49534375},{"speaker":"SPEAKER_00","start":296.86221875,"end":297.50346875},{"speaker":"SPEAKER_02","start":299.02221875000004,"end":305.04659375},{"speaker":"SPEAKER_00","start":299.46096875,"end":299.76471875000004},{"speaker":"SPEAKER_00","start":305.14784375,"end":307.64534375},{"speaker":"SPEAKER_00","start":307.91534375000003,"end":309.41721875},{"speaker":"SPEAKER_02","start":309.41721875,"end":309.43409375000005},{"speaker":"SPEAKER_00","start":309.43409375000005,"end":309.70409375},{"speaker":"SPEAKER_02","start":309.45096875,"end":309.61971875},{"speaker":"SPEAKER_01","start":309.61971875,"end":309.68721875},{"speaker":"SPEAKER_02","start":309.70409375,"end":309.83909375},{"speaker":"SPEAKER_01","start":309.83909375,"end":310.91909375},{"speaker":"SPEAKER_00","start":311.40846875,"end":315.88034375},{"speaker":"SPEAKER_02","start":314.66534375000003,"end":336.90659375},{"speaker":"SPEAKER_00","start":317.46659375,"end":318.27659375},{"speaker":"SPEAKER_00","start":322.93409375000005,"end":324.30096875000004},{"speaker":"SPEAKER_00","start":330.20721875000004,"end":330.22409375},{"speaker":"SPEAKER_01","start":330.22409375,"end":330.46034375000005},{"speaker":"SPEAKER_00","start":330.46034375000005,"end":330.49409375000005},{"speaker":"SPEAKER_01","start":330.49409375000005,"end":330.52784375000005},{"speaker":"SPEAKER_00","start":336.36659375000005,"end":336.77159375},{"speaker":"SPEAKER_02","start":337.39596875,"end":339.57284375},{"speaker":"SPEAKER_00","start":340.38284375,"end":344.34846875},{"speaker":"SPEAKER_02","start":340.70346875,"end":341.05784375},{"speaker":"SPEAKER_00","start":344.66909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家對這個公司有沒有信心嘛我們會去投資他嘛"},{"start":222.874,"end":240.509,"text":"這樣才是對的啊我們股票上基本上還是建立於企業的資產業的支持啊那如果你認為一日當沖這個還是呢台灣的證券市場的較量還是得顧之因為我如果把當沖啊稍微降低的時候呢不鼓勵長期投資我的這個經濟市場我的證券市場"},{"start":242.811,"end":271.539,"text":"馬上萎縮 那這樣很慘所以基於並不是把支持企業的永續發展這樣的為主軸而先穩定我們的證券市場這也沒有錯喔 我也不認為是雖然這跟我們為什麼要有證券市場的原意可能不太一樣但是為了維持國內的這個證券市場那得必須做這個次要的一個決定我覺得也沒問題但是你的立場就很清楚 你不可以模糊像剛才你講的那個就是模糊了"},{"start":272.139,"end":287.923,"text":"好那你那回現在在台灣的當沖比例啊到底年齡大概落在什麼時候是在哪個年齡層我們有那個數據還是我們請證券交易所林董事長來回答我們有這個統計我想這個統計應該有請證券交易所林董事長謝謝主席委員好"},{"start":299.751,"end":310.928,"text":"我們現在進入到當中市場的年齡大概都落在哪一個年齡層我們統計不一定都是年輕的為主"},{"start":315.253,"end":338.403,"text":"我了解的是40到60只是我不知道這個證券親自出自你之口你們的統計是不是在這個年齡層也就是他是壯年喔如果我們設定45歲以下叫做青年的話那45歲以上就壯年嘛所以他是表示這個年紀他是存了一些積蓄然後呢他想要再累積財富嘛所以你們是40到60的中壯年嗎"},{"start":341.582,"end":359.69,"text":"基本上來講的話我們了解的是對 工創也是主力那在這個當沖市場的賺賠的狀況是怎麼樣是賺的人多還是賠的人少從人數或者從金額賺的這個總量是多還是賠的總量是少回答一下"},{"start":364.896,"end":387.097,"text":"這各自多少比例啦 大概講個比例 大概比例就可以了報告委員 當沖基本上來講的話他不只是個人 事實上還有一些華人華人專門在做當沖沒關係 你只要告訴我賺賠的比例就好了賺賠的比例就是從事當沖賺的人比較多 譬如說賺的我們是會後再提供給你一個"},{"start":388.058,"end":402.188,"text":"好 OK如果按照本席所了解的人數來講可能是賺的53%的人是賺47%的人是賠但是獲利者呢大概獲利的虧損的金額卻是比較大的好如果他這個賠的金額還是比較高的話好那這個董事長您先請回那個主委"},{"start":418.735,"end":432.701,"text":"那我們來看當中的這個降稅的雙面刃活絡市場我們當中稅率降到百分之零點五後呢零點一五後大幅降低的交易門檻吸引著大量的族群與高頻交易者進入確實讓台股在國際動盪上維持成交量缺點呢就是鼓勵投機嘛"},{"start":438.383,"end":458.062,"text":"當中的比例過高達47%的這個證券的市佔率導致怎麼樣這個賺快錢啊太誘人了本席為什麼會提出這個呢除了明年即將到期之外那我周邊就已經賺快錢賺到連年輕人大學生都投入了"},{"start":458.582,"end":481.828,"text":"我認識這個大學生他就好啊這個他自以為他是少年股神啊所以大王當中結果一波的跌停教訓他產賠了40萬現在呢只能邊延避延後畢業邊打工所以他的誘人啊誘人到這個年輕的人都投入了那這就警訊了不是40到60歲而已喔所以你長期持股者支撐台灣的產值的投資人要繳3%的稅"},{"start":483.968,"end":496.881,"text":"但是我短線進出的當中課 我只要繳0.15%這表示現在政府是 金管會是什麼態度 鼓勵投資懲罰 鼓勵投機 懲罰投資啊好 我看美國國際稅制 證交稅 我就以台灣 美國 日本"},{"start":503.187,"end":514.293,"text":"證交稅 台灣對當中是收這個15%的證交稅對一般15個交0.3%的稅那美國是免徵證交稅 日本免徵證交稅然後我們台灣的證件交易所得稅是停徵的美國是合併他的所得可以到10%到37%日本就是一個定率20.3%當中門檻 我們跟日本沒有門檻美國有規定 你的帳戶不管怎麼樣你都要有"},{"start":531.684,"end":548.163,"text":"這個兩萬五千的美元大概合台幣七十五萬好 當中的股市當中的佔比我們是達到百分之四十七美國百分之十五到二十日本是百分之三十到四十好 我們就以美國股利長期投資做法長期持股者是降稅的"},{"start":549.204,"end":568.712,"text":"短期投資者課稅這才是重點長期投資者降稅短期投資者課重稅我就以美國證券交易所得稅的精神我講精神喔那他對於他定義了什麼叫長期持股一年以上叫長期持股只要長期持股的呢我課的就是低稅率對一般投資人15%高收入的20%甚至呢還在加增3.8%"},{"start":574.654,"end":587.409,"text":"那如果短期投資他也定義一年以下叫做短期投資那我就必須課這個高等的稅10%到37%所以對於美國來講平凡交易的投資人通常面臨較高的稅負"},{"start":589.611,"end":607.709,"text":"好那本席呢就是想跟這個金管會討論到底政府是支持投資呢還是投機呢政交稅減免至2027年明年就截止了到底還會不會再延呢租稅公平在哪裡長期持股者的稅率台灣的長期持股的稅率是當沖者的兩倍"},{"start":613.434,"end":632.277,"text":"當沖佔市場是百分之比重47這是否變相懲罰投資行為獎勵投機那長期投資人如果你認定長期投資人是應該被鼓勵的你是不是應該要評估要對等的稅制的調整呢好那個主委您要直接直球對決回答這個問題了2027年當沖稅制的延期到期了這個延期的這個這個優惠會被取消"},{"start":642.259,"end":657.726,"text":"你們有沒有評估過台股成交量將會怎麼影響有沒有做過政策退場的機制的評估如果你沒有退場那表示說是不是2027年我們又要再次面臨同樣的政治壓力再演一次呢 主委請回答"},{"start":659.782,"end":681.775,"text":"先跟委員報告一下兩件事一個就是說這個稅的部分不會請簡短回答沒有回答夠的用書面好不好咨詢事件已經過了我想這個是因為稅是財政部主政我們的立場我們會充分表達給他我們再提書面給委員好所以有沒有你支持延期還是不支持延期"},{"start":682.421,"end":690.985,"text":"就是說因為這是財政部主政我們要跟他討論那本席建議啟動證券稅制結構改革那懲罰針對現行懲罰長線投資補貼短期投資的證券市場的失衡稅制結構進行深度的檢視"},{"start":702.409,"end":725.115,"text":"以現在的市場的流動性高度依賴15%的證交稅優惠匯率我本席認為應該是不鼓勵投資行為為出發有穩定市場切入有三個訴求同步進行 我講的是同步這也請你納入你的評估告告第一個 證券交易所得稅維持零第二個 長期投資者證交稅延逸調降"},{"start":726.855,"end":740.671,"text":"第三當沖正交稅研議滾動式的調整在2027年正交稅落日倒數的壓力評估建立分級落日制讓市場緩步的適應軟著陸而非恐慌性的退場也請你參考國際主要的市場的機制導正市場的體制朝向"},{"start":748.559,"end":766.429,"text":"支撐台灣產業發展的股市方向來轉型以健全這個我們的資本市場的秩序我也希望你這一個月內能夠提出評估報告那你要給財政部那這個評估報告同步也給本委員會可以嗎一個月那個委內建議非常具體我們會來處理好謝謝謝謝再來請姑姑"}]}},"supported_relations":[],"relations":[]}