Busi­nesses op­ti­mistic about tax deal with the main­land

The China Post - - LOCAL -

Tai­wanese busi­ness peo­ple said they are op­ti­mistic about a new tax agree­ment be­tween Tai­wan and China that is ex­pected to be sealed soon, with many hop­ing that the ac­cord can im­prove the com­pet­i­tive­ness of lo­cal busi­nesses.

Lai Cheng-i head of the Gen­eral Cham­ber of Com­merce in Tai­wan, said the pact could help solve the long-last­ing prob­lem of dou­ble-tax­a­tion be­tween the two sides and was the di­rec­tion Tai­wan had to take.

Taipei Cham­ber of Com­merce Direc­tor- Gen­eral Wang Yingchieh said a for­mal agree­ment could pre­vent “un­nec­es­sary costs” for Tai­wanese in­vestors, ex­plain­ing that there is cur­rently no con­sis­tent rule that is legally ap­plied across lo­cal gov­ern­ments in China.

Un­der the pro­tec­tion of a cross- strait deal, Tai­wanese busi­nesses could be more com­pet­i­tive, he said.

The tax agree­ment may be signed dur­ing the 11th round of high-level cross-Tai­wan Strait talks pos­si­bly be­fore the end of April.

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