Retail in Asia

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Acer chairman speaks out in support of tax incentive for multinational firms

Taiwan’s Ministry of Economic Affairs had originally planned to offer a preferential business income tax rate of 15 percent, compared with the general rate of 20 percent, as an incentive to attract multinational enterprises to establish operational headquarters in Taiwan. But it is now considering removing the relevant article from its draft legislation due to objections from some members of the Legislative Yuan. In response, Acer chairman J T Wang on 22 February expressed his support for the preferential tax rate, arguing its adoption would be crucial in persuading companies to relocate to Taiwan.