FOREIGN FOCUS:To rectify the unfair imputation tax system for local investors, a professor recommended raising the tax rate for foreign investors to 25 percent

Taipei Times
Date:  Sep 04, 2017
By: Staff writer, with CNA

The tax reform plan proposed by the Ministry of Finance is to encourage more local retail investors to enter the equity market and facilitate the development of the bourse, analysts and academics said.

The plan aims to ease equity investors’ financial burden by cutting their taxes on dividends they receive from investments in locally listed companies, Capital Securities Corp (群益證券) president Chao Yung-fei (趙永飛) said
.
Once the dividend income tax is lowered, the local equity market is to become more attractive to retail investors, who will be more willing to raise their equity holdings, Chao said. That could boost daily turnover in the local bourse, Chao said, adding that as long as turnover increases, securities brokerages will also benefit.
[FULL  STORY]