Agencies agree to retain day trading tax cutStaff writer, with CNAThe Ministry of Finance, the Financial Supervisory Commission and the National Development Council on Tuesday night reached a consensus on extending the transaction tax cut for day trading for two or three years after it expires at the end of this year, local media reported yesterday. The three agencies will report the conclusion of their meeting to the Executive Yuan by the end of this month to finalize the extension plan, the reports said. The government cut the tax for day trading from 0.3 percent to 0.15 percent in 2017. The bellwether electronics sector yesterday also reversed earlier losses, giving an additional boost to the broader market, Huang said. Turnover was NT$417.49 billion (US$14.99 billion), with foreign institutional investors selling a net NT$2.24 billion of shares on the main board, Taiwan Stock Exchange data showed.

Source: Taipei Times August 18, 2021 15:56 UTC