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Taiwan's FSC Urges Tax Cuts For Investors

by Mary Swire, Tax-News.com, Hong Kong

20 May 2016


To encourage trading on Taiwan's financial markets, which has reduced in recent years, the Financial Supervisory Commission (FSC) has recommended reductions to the taxes paid by investors.

In a white paper it has already presented to the Taiwanese Government, the FSC proposed that the current supplemental taxes on dividend income should be waived, and that the dividend income tax and transaction tax burden for local and foreign investors should be equalized.

With investors in Taiwan being subject to higher taxes compared with other comparable jurisdictions, such as Hong Kong, FSC Chair Jennifer Wang said at a press conference that the tax measures suggested in the white paper should be prioritized, as they would boost the international competitiveness of Taiwanese capital markets.

TAGS: tax | investment | business | capital markets | Taiwan | withholding tax | dividends | Tax | Financial Transactions Tax (FTT)

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