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Taiwan Accused Of Dragging Feet In Trade Talks 5/17/2012 Following the announcement that China, Japan and South Korea are to begin talks
on a trilateral free trade agreement by the end of this year, the Taiwanese
government has been asked to explain why it has not already progressed further
trade liberalization with China within their Economic Cooperation Framework Agreement.
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Taiwan's Cabinet Tweaks Final CGT Structure 4/30/2012 Taiwan’s Finance Minister Christina Liu has confirmed the government has
agreed the final structure of the new capital gains tax, that it intends
to impose on profits made from trading in shares and bonds.
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Taiwan Mulls Reduced Tax Rate For Expatriates 4/20/2012 It is likely that the government will propose measures to attract foreign professionals
and other white-collar managers to Taiwan, on the instigation of the Taiwanese
Premier Sean Chen.
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Details Provided Of Taiwan's Proposed CGT 4/17/2012 Taiwan's Finance Minister Christina Liu has announced the structure
of the new capital gains tax that the government will impose on profits made from trading in shares, bonds and derivative products, such as futures and options.
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Taiwan's CGT Unlikely To Affect Small Retail Investors 4/12/2012 Following a further meeting of the government’s tax reform committee, Taiwan’s
Minister of Finance Christina Liu has indicated that the proposal on a new capital
gains tax on stock exchange profits is likely to be presented to the Executive
Yuan shortly, but would also then need to be passed through the Legislative Yuan.
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Taiwan's CGT May Exempt Foreign Investors 4/10/2012 Following a meeting of the government’s tax reform committee, Taiwan’s
Ministry of Finance indicated that it was probable that foreign investors would
be exempt from any proposal for a new capital gains tax on stock exchange profits.
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World Economic Forum Issues Global ICT Report 4/6/2012 The World Economic Forum, in collaboration with INSEAD, has issued the Global
Information Technology Report for 2012, which is said to be the most comprehensive
assessment of the preparedness of global economies to leverage the networked economy.
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Proposal For CGT In Taiwan Due Next Month 4/5/2012 At a parliamentary committee meeting, Christina Liu, Taiwan’s Minister of
Finance has promised that a draft proposal for a new capital gains tax on
stock exchange profits will be submitted to the Executive Yuan within one month.
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CGT A Top Priority For Taiwan's Tax Panel 4/2/2012 Christina Liu, Taiwan’s Minister of Finance has disclosed that the government’s
tax committee has, as one of its top priorities, the proposal for a capital gains
tax on stock exchange profits.
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Taiwan Could Repeal Luxury Tax In Reform Package 3/26/2012 In a parliamentary reply, Taiwan’s Finance Minister Christina Liu confirmed
that, while luxury taxes will be eliminated at some point, it will only happen
after permanent property taxes have been introduced within future tax reforms.
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Taiwan Forms Tax Reform Study Group 2/22/2012 Christina Liu, the new Minister of Finance, has confirmed that a task force will
be convened towards the end of next month by Taiwan’s Premier Sean Chen,
to help examine and propose tax reform policies.
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Taiwan Looks At A Windfall Tax 2/6/2012 Christina Liu, who will be Taiwan’s Minister of Finance in the cabinet reshuffle
after the last month’s elections, has disclosed that she intends to appoint
a committee to look at the government’s tax reform options, including a
possible windfall tax.
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Taiwan Looks To Join TPP Within 10 Years 1/31/2012 Following his re-election earlier this month, President Ma Ying-jeou has confirmed
his wish to see Taiwan as a member of the Trans-Pacific Partnership within
ten years, and to make Kaohsiung, in the south of Taiwan, into a free trade zone.
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Taiwan Eases Expat Worker Rules 1/25/2012 A revision to the Employment Services Act passed by Taiwan’s parliament
has not only extended the maximum number of years that foreigners may work in
Taiwan from nine to twelve years, but also lowered the fine for late payment of
their employment stabilization fees.
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Raspberry Pi Balks At UK Tax Regime 1/17/2012 The UK's tax regime makes it far too expensive for an electronics company to manufacture in the country, the computer company Raspberry Pi has said, looking to Taiwan and China instead to produce its goods.
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Hong Kong Remains World's Freest Economy 1/13/2012 For the 18th consecutive year, Hong Kong maintained its position as the world’s
freest economy, according to the 2012 Index of Economic Freedom, published annually
by The Heritage Foundation.
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Swiss, Taiwan Private DTA In Force 1/10/2012 The Swiss Federal Department of Finance has announced that the private double
taxation agreement effective for Chinese Taipei (Taiwan) has been published
in the Confederation’s federal gazette.
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Taiwan, Germany Sign DTA 1/3/2012 Taiwan’s Ministry of Foreign Affairs has announced that, in Berlin on December
19 and then also in Taipei on December 28, Taiwan and Germany signed a bilateral
double taxation agreement.
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ECFA Means More Tariff Reductions In 2012 12/30/2011 The second phase of the “early harvest” list of import tariff reductions
under the economic cooperation framework agreement between Taiwan and China,
which began on January 1, 2011, will have the effect that tariffs on more than
94% of the listed items will be zero at the beginning of 2012.
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Taiwan Adjusts Non-Resident Withholding Tax Threshold 12/22/2011 Following an increase in the minimum wage in Taiwan, the monthly salary threshold
of the 6% withholding tax rate for non-residents in the country will be increased
to TWD28,170 from January 1, 2012.
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Taiwan, New Zealand To Study ECA 12/21/2011 The New Zealand Commerce and Industry Office in Taipei and the Taipei Economic and Cultural Office in Wellington have agreed to begin a joint study on the feasibility of an Economic Cooperation Agreement between New Zealand and Taiwan.
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Switzerland Recognizes Taiwan DTA 12/16/2011 Switzerland’s Federal Council has recently recognised the double taxation
agreement of October 8, 2007 with Chinese Taipei (Taiwan).
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Taiwan Takes First Step To Property Tax Changes 12/15/2011 Taiwan’s Legislative Yuan has passed amendments to the law governing the
registration of real estate sale prices, which might represent the first step
in changing the basis of calculation of property taxes.
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Singapore Tops Asia-Pac 'Good Governance' Index 12/14/2011 Vriens and Partners, an Asia-focused corporate advisory firm, has issued its 2011
‘Good Governance for International Business’ index of 19 economies
in the Asia-Pacific region, in which Singapore has edged out Hong Kong for the
number one position.
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Taiwan Ratifies Investment Agreement With Japan 11/25/2011 The investment agreement between Taiwan and Japan, which, it is hoped, will greatly
enhance their bilateral economic and trading relationship, has been approved and
ratified by Taiwan’s parliament, the Legislative Yuan.
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Taiwan Limits Income Tax Exemption On Royalties 11/22/2011 Taiwan’s National Tax Administration has confirmed that the income
tax exemption for royalties paid to foreign enterprises will be limited to the
extent of their domestic use.
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APEC Approves Cross-Border Privacy Rules 11/18/2011 The Asia-Pacific Economic Cooperation group has approved a new initiative to harmonize cross-border data privacy protection, which is designed to enhance the protection of consumer data that moves between its members, including the United States, at a time when more consumer information is moving across national borders.
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APEC Looks At Regional Economic Integration 11/17/2011 Under the chairmanship of US President Barack Obama, the leaders of the Asia-Pacific
Economic Cooperation group, at their recent meeting in Hawaii, adopted the ‘Honolulu
Declaration’, which looks towards a 'seamless regional economy',
by strengthening regional economic integration and expanding trade, promoting
green growth, and advancing regulatory convergence and cooperation.
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Lieberman Promotes US FTAs With Asia 11/6/2011 Senator Joseph Lieberman (I - Connecticut), during a speech delivered at the Heritage
Foundation regarding United States policy in the Asia-Pacific, has emphasized
that America needs an ambitious, forward-looking, and strategically-minded trade
policy for the region.
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Taiwan Hopes NZ Trade Treaty Will Be First of Many 10/28/2011 Following the announcement of possible talks on a bilateral trade treaty with
New Zealand, Foreign Minister Timothy Yang has confirmed that Taiwan is looking
at similar agreements with other countries.
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Taiwan To Calculate Property Taxes On Market Value 10/6/2011 In a recent speech, Taiwan’s President Ma Ying-jeou confirmed that the
government will, over time, change the basis of calculation of property taxes
to actual market values.
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Taiwan FTA Debated In European Parliament 9/29/2011 Following a question to the European Commission on strengthening economic
and trade relations, and the possibility of a free trade agreement in the
near future between the European Union and Taiwan, the European Parliament held its first debate on the issue on September 26, 2011.
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Taiwan, Japan Sign Investment Agreement 9/27/2011 An investment agreement, that, it is hoped, will greatly enhance their bilateral economic and trading relationship, has been signed in Taipei between Taiwan and Japan.
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Taiwan Gives VAT Refund To Belgian Businesses 9/15/2011 Taiwan’s Ministry of Finance has announced that Belgian businesses,
with no permanent establishment in Taiwan, and that exhibit in a trade fair, are
now eligible for a value added tax refund on their purchases of products
and services in Taiwan.
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Asia-Based Incorporation Specialist Expands Into Europe 9/8/2011 Offshore Incorporations Limited, a leading global company formation specialist based in Asia, has announced the opening of its first European office, in London, to support a growing number of Asia-based companies investing in Europe.
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Taiwan-India DTA Comes Into Effect 8/23/2011 The double taxation agreement between Taiwan and India, which was signed
only last month, entered into force on August 12, 2011.
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US, Taiwan Establish Patent Cooperation 8/23/2011 The United States Patent and Trademark Office has announced a new pilot
project for the Patent Prosecution Highway with the Taiwan Intellectual
Property Office, that will permit each office to benefit from work previously
done by the other office, reducing the examination workload and improving patent
quality.
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Taiwan, Hong Kong Sign Banking Supervision MOU 8/12/2011 The Hong Kong Monetary Authority and Taiwan’s Financial Supervisory
Commission have signed a bilateral Memorandum of Understanding to
cover cooperation in banking supervision.
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Hong Kong, Taiwan Look To Increase Cooperation 8/10/2011 The Hong Kong-Taiwan Economic and Cultural Co-operation and Promotion Council and the Taiwan-Hong Kong Economic and Cultural Co-operation Council held their second joint meeting in Hong Kong on August 10, to discuss bilateral economic matters bewteen the two places.
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Asian FDI Reached Records Last Year 8/1/2011 The United Nations Conference on Trade and Development, in its World Investment
Report 2011, points out that, while global foreign direct investment has
not yet bounced back to pre-crisis levels, some regions, and particularly Asia,
show a better recovery than others.
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Taiwan Offers E-Filing To Non-Residents When Leaving 6/29/2011 According to the National Tax Administration, e-Filing is now also available
for those foreign taxpayers who abrogate their domicile/residence with the intention of leaving Taiwan in the middle of the tax year.
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China Confirms Early Success Of ECFA With Taiwan 5/31/2011 China’s Ministry of Commerce has professed that the “early harvest
list” of import tariff reductions under the economic cooperation framework
agreement between Taiwan and China, which began on January 1 this year,
has already proved successful.
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Taiwan, Singapore Begin FTA Talks 5/27/2011 It has been disclosed that Taiwan and Singapore have begun talks on a free trade
agreement, which both sides are looking to complete within one year.
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Taiwan Brings Forward Luxury Tax 5/24/2011 The Ministry of Finance has announced that the Selective Goods and Services Sales
Tax Act, which establishes Taiwan’s new luxury taxes targeted at reducing
speculative property purchases and a widening wealth gap in the economy, are to
take effect earlier than originally expected on June 1.
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US Returns To Top Of World Competitiveness Rankings 5/20/2011 The Swiss business school, IMD, has announced the rankings from its 2011 World
Competitiveness Yearbook, which places the United States and Hong Kong as
the most competitive countries.
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Irish Tax Credits Remain Attractive 5/10/2011 Seán Sherlock, Ireland's Minister for Research and Innovation has commented
on a new survey which analyses trends in the uptake of the Irish government's
Research and Development tax credit.
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APEC Business Leaders Call For Free Trade Deal 5/3/2011 The APEC Business Advisory Council, formed of business leaders from the
21 economies of the Asia-Pacific Economic Cooperation have recommended,
during a recent meeting in Seoul, that concrete steps should be taken to realise
a Free Trade Area of the Asia-Pacific.
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Taiwan's Government Approves Luxury Tax 3/11/2011 Taiwan’s government has approved the imposition of a new tax on speculative
property transactions, as well as on luxury items, in the second half of 2011.
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Taiwan, India Begin FTA Feasibility Study 3/10/2011 India's Foreign Secretary Nirupama Rao has disclosed that Taiwan and India are
to undertake a non-official feasibility study into a proposed bilateral free trade
agreement, after which it would be decided whether to begin official negotiations.
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Taipei To Introduce 'Luxury Residence' Tax 1/17/2011 Property owners that have 'luxury residences' in Taipei are to be
levied with additional real-estate taxation, according to a decision taken by
the city’s government.
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France, Taiwan Sign DTA 1/4/2011 Taiwan’s Ministry of Foreign Affairs and its Ministry of Finance announced
that, on December 24, Taiwan signed a double taxation agreement with France,
which has already taken effect.
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Taiwan, China ECFA Reduced Tariffs Take Effect 1/4/2011 The 'early harvest' list of import tariff reductions under the economic
cooperation framework agreement between Taiwan and China, which came into
effect in September last year after a long negotiation period, began on January
1.
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Taiwan's FTA Strategy Under Discussion 12/28/2010 There have been questions in parliament as to the efficacy of Taiwan’s free
trade agreement strategy following the signing in June this year of the
Economic Cooperation Framework Agreement with China.
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China Introduces Overseas Tourists Tax Refund 12/28/2010 China’s Ministry of Finance has disclosed that foreign visitors to Hainan
will benefit from a tax refund on goods purchased on the island, with effect from
January 1, 2011.
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Singapore, Taiwan To Start Trade Talks 12/17/2010 Following the completion of favourable feasibility studies by both countries,
it has been announced that Taiwan and Singapore will hold negotiations on the
possible completion of an economic partnership agreement early next year.
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Taiwan Looking To Tax Speculative Property Deals 12/6/2010 Lee Ching-hua, the chief secretary at the Ministry of Finance, has disclosed that
the Taiwanese government is contemplating levying a special property tax, to counteract
the risk of a real estate price bubble in the country’s cities.
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AIT Calls For Clean Slate On US-Taiwan TIFA 12/6/2010 The American Institute in Taiwan’s Chairman, Raymond F. Burghardt, in a
recent speech to the American Chamber of Commerce in Taipei, said that, while
Taiwan is one of the United States’ most important economic partners, and
closer economic relations are in the interest of both countries, the present beef
controversy should not be allowed to become an obstacle to re-booting their bilateral
Trade and Investment Framework Agreement.
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Hong Kong Pushes International Arbitration Centre 11/19/2010 At a luncheon arranged by the Hong Kong International Arbitration Centre, the Secretary
for Justice, Wong Yan Lung, confirmed that the government is committed to the
development of arbitration in Hong Kong.
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Taiwan Makes Moves Against Hot Money 11/15/2010 Taiwan is making further moves to try and counteract the effect of the inflows
of foreign speculative funds, or ‘hot money’, into the country which
are suspected to be made for currency speculation, rather than for long-term investment
purposes.
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APEC Commits To Free Trade 11/12/2010 Trade and foreign ministers of the 21 Asia-Pacific Economic Cooperation member nations recommended the extension of the commitment to a standstill on
new trade and investment barriers until the end of 2013, and confirmed that concrete
steps should be taken to realise a Free Trade Area of the Asia-Pacific.
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EFCA Opens Investment Opportunities In China 11/8/2010 Influential figures from the financial services industry in the Far East have discussed the importance of the Economic Co-operation Framework Agreement between China and Taiwan.
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SMX And TAIFEX Sign MOU Singapore Mercantile Exchange, the commodity and currency derivatives exchange, and the Taiwan Futures Exchange, Taiwan’s futures and options exchange, have signed a memorandum of understanding. |
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ECCT Promotes Taiwan-EU FTA 10/21/2010 The European Chamber of Commerce Taipei, in a recent paper, has said that,
while recent developments have helped to improve Taiwan’s economic prospects,
the lack of a free trade agreement with major trading partners, such as
the European Union, is one of the factors holding Taiwan back from greater
prosperity.
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Taiwan To Close Land Tax Loophole 10/15/2010 In an attempt to control the rise in property prices by providing a disincentive
for landowners to keep land undeveloped, Taiwan's government is proposing to reduce
certain exemptions from the land value tax.
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Taiwan, US To Resume TIFA Talks 10/4/2010 At the end of last month, a United States delegation visited Taipei for meetings
with the Taiwanese government to discuss economic issues, including how to broaden
and deepen their bilateral trade and economic relationship under the existing
bilateral trade and investment framework agreement.
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APEC Officials Focus On Free Trade 9/29/2010 Asia-Pacific Economic Cooperation officials met recently in Japan to discuss
key reports and recommendations on enhancing regional trade and economic integration
that will be submitted to leaders and ministers of its member economies when they
meet in November this year.
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Taiwan-China ECFA Takes Effect 9/13/2010 The economic cooperation framework agreement between Taiwan and China came
into effect on September 12, one day after both sides confirmed that all necessary
domestic procedures had been concluded.
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Singapore Leader Favours Taiwan FTA 9/10/2010 Singapore's Prime Minister, Lee Hsien Loong, in interviews, has said that he believes
that the signing of a free trade agreement between Singapore and Taiwan
would quickly lead to similar agreements between Taiwan and other countries within
the Association of South-east Asian Nations.
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Asian Countries Ranked For IPR Protection 8/31/2010 A survey of almost 1,300 expatriate corporate managers by the Hong Kong-based
research group, Political and Economic Risk Consultancy, found that Singapore
is considered to be the best country in Asia, and Indonesia the worst, at protecting
intellectual property rights.
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Taiwan's Legislature Approves ECFA With China 8/18/2010 After the previous long negotiation process and its signing on June 29 this year,
the economic cooperation framework agreement between Taiwan and China has
been approved by the former’s parliament on August 17.
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Taiwan Talks To US And EU On WTO Threat 8/12/2010 Taiwan’s government is in communication with the United States and the European
Union in order to head off threatened action at the World Trade Organisation regarding its planned reduction in the tax rate on rice wine.
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China Softens Attitude To Taiwan FTAs 8/12/2010 The Office of Taiwan’s President Ma Ying-jeou has expressed pleasure that
China has not interfered following the disclosure earlier this month of discussions
between Taiwan and Singapore on signing an economic cooperation agreement.
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Taiwan To Negotiate FTA With Singapore 8/5/2010 It has been announced that Taiwan and Singapore will initiate talks later this
year on the feasibility of signing a bilateral economic cooperation agreement
under the framework of the World Trade Organization.
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Asia Gains In Digital Economy Rankings 7/13/2010 The Economist Intelligence Unit has released its Digital Economy
Rankings for 2010, which find that, despite Europe maintaining top position in
terms of Internet infrastructure and adoption, recent investment has dramatically
improved the Asia-Pacific region's e-readiness.
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Taiwan, China Agree ECFA Terms 6/25/2010 Their proposed economic cooperation framework agreement is ready for signing
after Taiwan and China concluded final details of the ‘early harvest’
lists of products eligible for lower tariffs.
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Taiwan, China Trade Tensions Rise 6/10/2010 Negotiations to improve trade cooperation between China and Taiwan could be undermined following comments from
a Chinese official who, on June 8, underscored the administration’s ‘resolute
opposition' to Taiwan’s ambitions to enter into further trade pacts with
its other trade partners in the Asia-Pacific region.
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Taiwan Unblocks Air Agreement Revenues 6/9/2010 The Taiwan legislative Yuan has given legal substance to a 2009 transport agreement between China and Taiwan with an appropriate amendment, in order to unblock funds held in China.
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Report Considers Asian Tax Complexity 6/8/2010 Business opportunity remains an important consideration when
it comes to choosing priority business locations in Asia, despite fears
of rising tax complexity in the region, according to a new study.
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APEC Commits To Regional Free Trade 6/7/2010 In a statement issued after the close of two-day talks in Sapporo, Japan, Asia-Pacific
Economic Cooperation trade ministers announced progress in achieving
their goals of free and open trade, and in advancing regional economic integration,
including exploring possible pathways to a Free Trade Area of the Asia Pacific.
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Taiwan-China ECFA Faces Delay 6/3/2010 There have been conflicting reports in recent days on the state of the negotiations
between China and Taiwan on the proposed economic cooperation framework agreement.
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Philippines To Look At FTA With Taiwan 6/3/2010 The Philippines’ Trade Secretary, Jesli Lapus, has disclosed that the Philippines
and Taiwan will discuss a possible bilateral free trade agreement on the
fringes of the Asia-Pacific Cooperation meetings of June 5 and 6.
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APEC To Explore Asia-PAC Free Trade Area 6/2/2010 As trade ministers from the Asia-Pacific Economic Cooperation group prepare for
their annual meeting on June 5 and 6, its Business Advisory Council has
delivered a set of recommendations, including the creation of an Asia-Pacific free trade area.
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Taiwan Cuts Corporate Tax Rate 6/2/2010 Taiwan’s parliament has finally passed the much-delayed reduction in corporate
income tax from 20% to 17%, which had originally been proposed in the Industrial
Innovation Bill earlier this year.
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Taiwanese Teachers, Soldiers To Lose Tax Breaks 5/12/2010 An amendment bill which, if passed into law, could remove the income tax exemptions
currently in place for the country's teachers and military servicemen has made
progress through the Taiwanese parliament’s finance committee.
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Taiwan Looks For ECFA With China In June 5/10/2010 Taiwan’s Premier, Wu Den-yih, has said that the proposed economic cooperation
framework agreement with China could be signed during the first half of
June this year, depending on the outcome of the next two rounds of negotiations
planned for this month.
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Taiwan Publishes List Of Tax Debtors 5/5/2010 Taiwan’s Ministry of Finance has published a first list of taxpayers,
both individuals and companies, who are said to owe the largest amounts of back
taxes to the Inland Revenue Department.
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Taiwan And Hungary Sign DTA 4/23/2010 On April 19, an agreement for the avoidance of double taxation was signed
between Taiwan and Hungary, and is planned to come into force from January 1,
2011.
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China, Taiwan Make Progress On ECFA 4/6/2010 Despite the fact that Taiwan and China’s ‘early harvest’ lists
of goods and services eligible for lower tariffs in the proposed economic cooperation
framework agreement were not exchanged, significant progress was said to
have been made in the second round of formal talks between the two sides, which
ended on April 1.
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Taiwan Delays Progressive Property Tax 4/1/2010 The implementation of a plan to make the current housing tax progressive, which
was to have been part of an effort to redistribute the tax burden in Taiwan, has
been delayed by the government.
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Taiwan To Expose Tax Debtors 3/26/2010 Taiwan parliament’s finance committee has approved a proposal that the Ministry
of Finance, at regular intervals, should publish the names of people and
companies who owe large amounts of unpaid taxes.
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Taiwan-China ECFA On Course 3/18/2010 The Taiwanese government hopes to sign the proposed economic cooperation framework
agreement with China in June this year, following the exchange of ‘early
harvest’ lists of products eligible for lower tariffs.
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Taiwan To Introduce Progressive Housing Tax 3/16/2010 As part of an effort to cool a speculative boom in property prices in Taiwan,
the Ministry of Finance proposes to make the current housing tax progressive,
by replacing the current uniform rate of with several levels of tax, dependent
on value.
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Taiwan To Change Its Maritime Transport Taxation 2/15/2010 Taiwan’s government has approved a provision within the income tax law that
would allow shipping companies engaged in international maritime transportation
to change the basis of their taxation.
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