A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Property tax rates revised to curb speculation The Legislative Yuan on April 9 passed the third and final reading of amendments to the Income Tax Act that aim to revise property tax rates. The amended law will take…
Taiwan is making big moves in solar and offshore wind, but are there also other energy forms that deserve attention? As Taiwan progresses toward its goal of 20% of power generation from renewable energy sources, the shortcomings of solar and wind are becoming increasingly evident. Solar power requires vast swathes of land, a precious commodity…
Drive through the countryside in the central Taiwan counties of Yunlin, Changhua, and Chiayi and you’re bound to notice the many barns and chicken coops with substantial solar arrays installed on their roofs. Development of solar power is a major part of Taiwan’s plan to transform its energy sector, eliminating nuclear power generation and bringing…
Taiwan aims to provide 20% of electrical power generation from renewable energy sources by 2025. In recent months, Taiwan has made significant strides towards achieving its goal of developing large-scale offshore wind-power resources. The government’s plans call for installing as many as 500 giant wind turbines in the Taiwan Strait in order to reach 3…
The use of agricultural land will be needed to provide sufficient area, but regulations governing farmland are stringent. Taiwan’s rural Yunlin County, traditionally one of the island’s least developed areas, is virtually booming with solar panels. Every third farmhouse or barn seems to be covered in solar panels. And where locals once eyed solar-power purveyors…
A transition toward renewable energy is necessary, but its success will require careful government management. Taiwan has a clear need to diversify its energy portfolio and make concrete progress towards a more robust energy security policy. A full 98% of Taiwan’s energy is imported, costing the equivalent of nearly 15% of the entire Gross Domestic Product…
Ten strategic sectors have been identified as having the best potential for selling system integration solutions to overseas markets. The Taiwanese economy limped along in 2015 as an export slump pushed GDP growth down to an estimated 1%. That anemic performance was Taiwan’s worst since the global financial crisis of 2008-2009, when the economy went…
