Reported 5 days ago
Taiwan's lawmakers have successfully renewed a tax cut on day trading for an additional three years, lowering the transaction tax from 0.3% to 0.15%. This extension, which maintains a measure introduced in 2017, aims to sustain trading activity in Taiwan's substantial $2.5 trillion stock market. The decision faced political challenges due to opposition in parliament but was ultimately pushed forward by Finance Minister Chuang Tsui-yun, highlighting the potential negative impact on market volumes without the tax reduction.
Source: YAHOO