Taiwan Plans Tax Cut for Risk-Hedging Warrant Trading: EDN

Government plans to lower warrant transaction tax to 0.1% from 0.3%, Taipei-based Economic Daily News reports, citing Finance Minister Su Jain-rong.

• Rules are expected to be finalized by the end of October, the report says, without saying where it got the information from
  • The measure, along with tax cut for day trading in stocks, are expected to boost market-making activities in Taiwan stocks, if approved by lawmakers
• NOTE: Taiwan to Extend Tax Cut for Stocks’ Day Traders for Three Years

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Raymond Wu in Taipei at jwu966@bloomberg.net

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