Taiwan's government has revealed that it is planning to introduce a host of new tax incentives that are aimed at attracting around USD8.5bn worth of new foreign direct investment.
Announcing the news on January 5, Taiwan's Minister of Economic Affairs, Yiin Chii-Ming, explained that the government is looking to increase foreign direct investment by around 10% in order to boost the economy during the current recession.
Chii-Ming explained that a large part of this plan would rely heavily on tax incentives:
"We will offer tax incentives and cut red tape to help facilitate procedures for foreign companies to invest in Taiwan and set up research and development centers."
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment