Taiwan is located in the southeast China Sea, west Fujian Province across the Taiwan Strait and across the east Pacific Ocean. Taiwan has been part of the Chinese territory since ancient times.
Taiwan Province of China includes Taiwan Island and Penghu Islands, Orchid Island, Green Island, PENG Jia-yu, the Diaoyu Islands, Akao Lantau and other islands. Taiwan Island, has an area of 35800 square kilometers, and is China’s first largest island. Longitudinal north-south Central Mountain Range, Yushan altitude of 3952 meters, is the country’s eastern peak. It is a tropical and subtropical monsoon climate, the summer as long as 7-10 month. Annual precipitation is about 2,000 mm. Strong winter winds, summer and autumn typhoons and torrential rains are common.
Taiwan boasts oil, gold and other minerals and abundant water resources. Since the 1960s it has focused on an export-orientated economy and industrial island Industries such as: textiles, electronics, sugar, plastic, electricity and so on, flies in Kaohsiung, Taichung, and Nantzu other Export Processing Zone. North from Keelung and Kaohsiung, south electrified railway and highways, sea and air routes of up to five continents.
Taiwan’s political, economic and cultural center is situated in the city of Taipei which is the largest. Other Important cities include the historic city of Tainan, Kaohsiung Industrial City, and the central city of Taichung. Attractions are Sun Moon Lake, Alishan, Yangmingshan, Beitou Hot Springs, Tainan Chi Qianlou, Peikang trifoliate get-ting-miao.
Taiwan Investment Guide-Xiamen and Taiwan
Xiamen and Taiwan across the sea from each other. Since ancient times in the Song Dynasty, Xiamen and Taiwan belonged to one administrative unit The Taiwanese were Mainland immigrants, before they moved to Taiwan from Xiamen. A similar geographic location, climatic conditions, to communicate with the living habits of the close relationship between Xiamen and Taiwan people and contacts, 70% of the people of Taiwan from Fujian region of the ancestral home, these two groups love each other. This particular relationship between geography and historical ties with Taiwan & Xiamen has become a transit point for the various exchanges and traffic arteries, but also as a concentration of economic and trade exchanges.
Taiwan Investment Guide- Taiwan’s economy
In 1986 The Taiwan authorities put forward policies of liberalism, internationalism and institutionalization and began an economic restructuring to further improve a quite perfect market economic mechanism. Industrial upgrading and expansion of the market outside the United States as a major adjustment of the content to communication, information, consumer electronics, semiconductor, precision machinery and automation, aerospace, advanced materials, specialty chemicals and pharmaceutical, health care and pollution prevention and control of ten emerging industries as its pillar industries.
After nearly 10 years of economic transformation, Taiwan’s economic liberalization and internationalization has made some progress, industrial upgrading is also the beginning of the current results, Capital-and technology-intensive industries account for the proportion of the manufacturing sector now stands at 61.5%, of which the development of information industry, especially, its output has been ranked highest in the world.
The focus of Taiwan’s foreign export market is also gradually shifted from Europe and the United States to Asia, the proportion of exports to the U.S. in 1984 from 48.8% to 23.7% in 1995, the proportion of exports to Asia from 32.8% in 1998 to 1995 52.6%.
Export product mix, great changes have taken place, electronics, information technology, machinery, electrical machinery and transportation products accounted for more than 50% of total exports. Substantial increase in foreign investment, the region became a net exporter of capital, accumulated to 1995, the overseas investment of about 300 billion U.S. dollars. During this period, Taiwan and the mainland and Hong Kong’s economic ties have also become increasingly closer.
Taiwan Investment Guide- Emergence and development of securities market
Regional China Taiwan stock market has developed rapidly, with large-scale transactions in the history of stock trading volume. Once ranked third in the world, Taiwan’s economic and financial developments have played a significant role in this area.
Taiwan Investment Guide- Taiwan Tax
In 1950 China Taiwan created a division of management authority at all levels of government in their revenue system. Published in accordance with the Taiwan authorities, and after numerous amendments to the “Law Governing the Allocation of revenue and expenditure”, fiscal revenue and expenditure system is divided into “central”, provincial and “municipality”, county (city) 3, tax accordingly classified as “National Tax “Provincial and” municipal “tax, county (city) tax, which the provincial and county (city) taxes in the” municipality “shall be” municipal “tax.
Current “tax” includes: income tax, estate and gift taxes, customs duties, excise taxes, securities transaction tax, mining tax. Including estate and gift taxes, in the province should be 10% of their total income distributed to the provinces, 80% distributed to the counties (cities); in the “municipalities” should be 50% of their total income distributed to the municipalities.
Province and the “municipal” tax include: business tax, stamp duty, the use of a license tax, special product tax. Business tax and stamp duty which, in the province should be 50% of its total revenue of the provincial coordinating the allocation of their respective counties (cities), in the “municipalities” should be 50% of its total revenue from the “central” co-ordinate the allocation of provincial and “municipality”; user license tax.
In the province should be 50% of their total income distributed to the respective county (city), in the “municipality” all for “municipal” income; specialty tax refers to the bulk of the province-specific products levied taxes, does not apply to “municipality”, shall not be imposed on the excise tax levied on the goods as the object, there is no levy.
County (city) taxes, including: land tax, housing tax, deed tax, slaughter tax, entertainment tax, and special tax class. In which the land tax in the land value increment tax should be 20% of their total income distributed to the provinces, the provincial coordinating the allocation of their respective county (city); slaughter tax on their total income by the provincial coordinating the allocation of 10% of their respective county (city); Special Tax Division is Adapted to local needs, after “Parliament” Legislative levy taxes, also apply to “municipality” shall be subject to excise taxes imposed on goods or specialty tax levy target. Province, and “municipality”, county (city) tax legislation must be within the framework of the above by the “central” to develop the Tax Code, as the provincial, county and legislative basis.
At all levels of “government” level or at the same level of his “government” revenue shall not be re-imposed or additional, but “municipality”, county (city) for the financing of education, science and culture, funding, may apply for the “Executive Yuan” approved in the county ( municipal) tax rate of no more than 30% of the original taxes levied local education tax. At all levels of local “political House “of people throughout the goods shall not levy entry tax or tax. At all levels,” the Government “to meet the special needs of the via levels,” Parliament “legislation, the introduction of temporary taxes.
Taiwan Investment Guide- Taiwan’s investment environment
Ma Ying-jeou came to power, making not only foreign investors optimistic about participating in Taiwan, many believed that the future of Taiwan’s stock market was promising, in addition to the past performance of electronic blue-chip stocks, for the future. The building of Taiwan’s domestic demand-related categories, such as traditional industries, the financial industry would also become Taiwan stocks Zhang Sheng mainstream.
Taiwan’s asset management industry, said the May 20, the authorities have a number of specific measures or some improvement in cross-strait policies, or mainland Chinese tourists to Taiwan, or on a weekend charter flights, these can be implemented as scheduled, then the Taiwan stock market funds, or the fundamentals are quite optimistic.
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