22 January 1996 00:00 [Source: ACN]
Taiwan is looking to improve incentives for foreign investors. Under consideration are lower interest rates on borrowing for companies which are engaged in high-technology industries, including chemicals. The current 20% tax rebate for certain industries may be raised. Also under review are R&D subsidies, which now stand at 5-20%. Imports of certain equipment which is not manufactured locally may be tax-exempt. Further tax rebates may be given companies with outstanding environmental records.
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