Taiwan Stocks Volume May Shrink on Trading Tax Resumption: EDN

Taiwan stocks trading volume may shrink 30% if a day-trading tax cut isn’t extended by another three years, the Taipei-based Economic Daily News reports, citing Financial Supervisory Commission Vice Chairperson Chen Yen-liang.

• The government hopes lawmakers can pass the tax cut proposal by year-end: report
• NOTE: The reduction to 0.15% was first introduced in 2017 to increase the market liquidity
• NOTE: Taiwan Proposes to Extend Day-Trading Tax Cut: EDN

To contact the reporter on this story:
Cindy Wang in Taipei at hwang61@bloomberg.net

To contact the editors responsible for this story:
Miaojung Lin at mlin179@bloomberg.net

Philip Glamann

© 2024 ...