![](https://i.imgur.com/CLvY2jA.png")
18-11-2022, 12:28 PM
Seems like the minimum tax of 25% proposed by US can be circumvented by tax breaks as shown by US, Japan and South Korea.
TAIPEI: Taiwan’s government has proposed larger tax breaks for technology companies’ research and development efforts as it seeks to provide further support for the crucial semiconductor industry and stay competitive internationally.
The proposal comes in an amendment to a statute on industrial innovation put forward by the economy ministry, raising the corporate income tax break to 25% from 15%. The amendment requires parliamentary approval to be passed into law.
The economy ministry said it was imperative for Taiwan to remain competitive as countries like the United States, Japan and South Korea step up tax breaks and subsidies to their chip industries in the wake of major disruptions in global supply chains triggered by the Covid-19 pandemic.
https://www.thestar.com.my/business/busi...fortech-rd
TAIPEI: Taiwan’s government has proposed larger tax breaks for technology companies’ research and development efforts as it seeks to provide further support for the crucial semiconductor industry and stay competitive internationally.
The proposal comes in an amendment to a statute on industrial innovation put forward by the economy ministry, raising the corporate income tax break to 25% from 15%. The amendment requires parliamentary approval to be passed into law.
The economy ministry said it was imperative for Taiwan to remain competitive as countries like the United States, Japan and South Korea step up tax breaks and subsidies to their chip industries in the wake of major disruptions in global supply chains triggered by the Covid-19 pandemic.
https://www.thestar.com.my/business/busi...fortech-rd
