Taiwan's Executive Yuan (Cabinet) has announced its approval on 11 April 2019 of a draft bill that includes tax incentives designed to encourage the repatriation of offshore funds. This includes a reduced tax rate of 8% on repatriated funds in the first year and a 10% reduced rate for the second year, with the rates further reduced to 4% and 5% for the first and second year for repatriated funds that are used directly for tangible local investment in Taiwan. To be eligible, at least 70% of r…