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The last Major tax breaks were these. https://www.independent.co.uk/news/u...k-1372654.htmlLeave a comment:
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BOOM: Major Tax Breaks for High-Tech R&D, Manufacturing
In Taiwan…
“Now that Europe, Japan and the U.S. are luring chipmakers to their shores with incentives and tax breaks in a bid to disrupt Taiwan's and South Korea's monopoly on leading-edge chipmaking, Taiwan is fighting back. Taiwanese government on Thursday approved tax breaks for high-tech companies that conduct research, development and manufacturing operations in the country.
High-tech companies that invest huge amounts of money in R&D in Taiwan will be able to lower their income tax by 25%, according to the new amendment approved by Taiwan's Ministry of Economy on Thursday, reports Bloomberg. Also, the government will give a 5% tax break to companies that purchase advanced manufacturing equipment. At press time it was unclear how much Taiwanese companies need to invest in R&D or production tools to get the tax cuts and which R&D and manufacturing equipment the government considers advanced enough to provide the tax breaks.
By implementing new tax breaks, the Taiwanese government hopes to attract companies like TSMC that does both R&D and manufacturing in Taiwan (and will therefore receive a 30% tax break). It also makes Taiwan more attractive to companies like Alchip, which designs chips in Taiwan (which is set to receive a 25% tax break if it invests enough in R&D), and Micron that operates two major fabs filled with boatload of expensive wafer production equipment (which is set to get a 5% tax cut). “
https://www.tomshardware.com/news/ta...-manufacturing
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