The government of Taiwan is to grant the country’s third generation mobile telecommunications providers a five year tax holiday as part of a policy designed to boost the nation’s high technology industry, officials revealed earlier this week.
The announcement came following a cross-ministry meeting, at which the government took the decision to amend regulations to allow 3G operators to join the semiconductor and flat-panel display sectors in a bid to create a “NT$1 trillion industry” (US$30 billion).
The tax break is expected to lead to a significant fall in tax revenues, in the region of NT$3.3 billion. However, the government is expecting any shortfall to be outweighed by a substantial increase in production value and industry efficiency over the next ten years.
The government also hopes that tax incentives will encourage industry to invest some NT$364 billion, which is needed to build the nation’s broadband network.
"The tax break inducement is conducive to reaching our ultimate goal of entering a new broadband era by 2008," announced Chien Jen-ter, head of the Directorate General of Telecommunications under the Ministry of Transportation and Communications.
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