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Talk of the day -- Innovation bill will benefit SMEs
2010/02/08 12:24:58 |
President Ma Ying-jeou has identified a draft bill to promote industrial innovation as a major strategy in the effort to develop Taiwan into a global innovation center, an Asia-Pacific trade and economic hub, and the operational headquarters of international enterprises.
In his meeting with Premier Wu Deh-yih on Feb.6, Ma gave a directive for an all-out effort to be made to pass the bill, which failed to clear the legislative floor before the last session closed at the end of 2009.
The following are excerpts from local media coverage of the issue:
United Daily News:
President Ma has said that the provisions of the draft statute should not just benefit large enterprises.
The day after a meeting with the president, Premier Wu said the bill, which is meant to fill the void left by the invalidated Statute for Upgrading Industry, will also include provisions for small and medium-sized enterprises (SMEs) and traditional industries.
Under the bill, such companies will be entitled to government subsidies of NT$10,000 (US$311) per month for each job that they provide to an unemployed person, Wu said.
The original version of the draft bill stated that only big international enterprises with operational headquarters in Taiwan would be entitled to a preferential 15 percent business income tax rate.
That article in the bill came under criticism as an "anomaly," in light of the fact that there are currently only four companies that would have qualified -- Hon Hai, Guanta, ASUSTek and Acer.
After hearing Wu's briefing on the draft bill Saturday, Ma said the article should be scrapped.
As a result, the government decided to adopt the preferential taxation system for Taiwan-headquartered businesses, which was proposed by the Cabinet under the leadership of former Premier Liu Chao-shiuan.
The proposal states that all companies will be subject to a business income tax rate of 20 percent.
Economic Daily News:
A draft statute to promote industrial innovation will be put on the agenda again when the new legislative session opens at the end of the month.
The new version of the bill proposed by the Ministry of Economic Affairs (MOEA) has undergone moderate changes with the addition of a new article to help create employment.
On the controversial "operational headquarters article," the MOEA said there will be clearly defined regulations pertaining to big international enterprises headquartered in Taiwan.
The draft bill has been listed as top priority when the legislature reconvenes on Feb. 23. (By Elizabeth Hsu) enditem /pc
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