Reported about 1 year ago
On June 10, 2024, National Development Council Chairperson Liu Ching-Ching first proposed the development of industrial holding companies during a meeting. Liu's initiative aims to assist in enterprise innovation alliances and allow industry holding companies to operate as the headquarters of industry groups by removing constraints such as unreasonable tax treatment. With support from Liu, President Lai Ching-De's goal of making Taiwan an economically leading nation is expected to be achieved. The push to resolve tax issues for industry holding companies is just the beginning, with further discussions on which government agency will oversee the sector. This move has already benefited companies like China Chemical Pharmaceutical, which has transformed into an industrial investment holding company, and Taiwan Cement, which is planning its industrial holding transformation, showcasing a significant shift towards sustainable business and a key milestone for the government.
Source: YAHOO