STAYING: The US is the nation’s seventh-largest foreign investor, with most firms accessing domestic market or supply chains, so changes are unlikely to see them leave
Taipei Times
Date: Jan 05, 2018
By: Chen Wei-han / Staff reporter
Premier William Lai (賴清德) yesterday ordered the government to hasten its efforts to
Deputy Minister of Economic Affairs Kung Ming-hsin yesterday speaks at a news conference at the Executive Yuan in Taipei
Photo: CNA
reach agreements with the US in response to the US’ planned tax reform, which could boost exports and help Taiwanese businesses reduce their reliance on China by relocating their investments to the US.
The US’ Tax Cuts and Jobs Act signed into law last year introduces reduced tax rates for businesses and individuals in a bid to spur economic growth, with its effects expected to be felt internationally.
However, the reform plan is forecast to have limited influence on Taiwan’s economy, a National Development Council analysis showed.
The tax cuts are expected to increase personal disposable income and spur domestic consumption in the US, which would stimulate Taiwan’s exports to the US in the short term, but whether it would turn into long-term export growth remains to be seen, the council said.
