After years of discussions, Taiwan and the United States seem closer than ever to finalizing a double taxation avoidance agreement (DTAA). Authorizing legislation has passed the U.S. House of Representatives at a time when bipartisan agreement is rare, and the Taiwanese government has signaled its preparedness to enact necessary equivalent legislation once the initiative has…
For a variety of reasons, Singapore and Hong Kong can manage just fine with significantly lower tax rates. Over the years, the business community has made the case that Taiwan’s steep personal income-tax rates discourage the recruitment and retention of outstanding skilled professionals, both foreign and local. Often these individuals opt to live and work…
State coffers are benefiting from a rise in tax revenue, but Taiwan’s tax-to-GDP ratio remains among the lowest in the developed world. Revisions to tax policy are bringing increased revenue into Taiwan’s national treasury, giving a boost to public finances as the government grapples with ballooning debt and anemic economic growth. Analysts and the government…
