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Taiwan Executive Yuan Approves Draft Tax Reform

|Proposed Changes|Taiwan
Taiwan

According to a 12 October 2017 release from the Taiwan Ministry of Finance, Taiwan's Executive Yuan has approved the country's draft tax reform. The reform includes measures to reduce the tax burden for individual taxpayers and SMEs, and to establish a more competitive investment income tax system, which will include the replacement of the current imputation tax system ({News-2017-09-07/P/3-previous coverage}). The draft measures approved are generally unchanged from the initial proposal. Wi…

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