Military planners say asymmetric platforms will boost Taiwan’s overall warfighting capabilities, raising the cost to Beijing of an invasion. The People’s Republic of China has been threatening to annex Taiwan by force for seven decades. The threat has not been credible until recently, with the ruling Communist Party becoming increasingly emboldened by the country’s rapid…

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 Domestic Vaccinations Begin The first batch of vaccines to be delivered to Taiwan arrived on March 3. According to the Central Epidemic Command Center (CECC), the 117,000 COVID-19 vaccine doses manufactured by AstraZeneca will be offered to groups of individuals prioritized for vaccination by the Advisory Committee on Immunization Practices (ACIP). Top priority is…

The Financial Supervisory Commission’s new action plan includes goals related to data liberalization, encouraging disruption and innovation, and talent development. Speaking at the Taiwan Capital Market Forum last August, President Tsai Ing-wen disclosed some startlingly ambitious plans to transform Taiwan into an Asian financial hub. “We are going to make Taiwan the number one center…

Last December, Taiwan’s Financial Supervisory Commission (FSC) announced the easing of requirements for foreign finance professionals, part of the government’s plans to make Taiwan an Asia-Pacific financial hub. The work experience requirement for senior financial executives applying for the Employment Gold Card – a special work visa that incorporates an alien resident certificate, open work…