The government is mobilizing resources to help local firms recover from the virus shock and grow stronger on the world stage, Su said. Minister of Finance Su Jain-rong speaks at a media briefing in Taipei yesterday. The ministry would lend support to the campaign by providing tax credits, lower tax refund thresholds, friendly tariffs and other incentives, Su said. The virus outbreak and US-China trade tensions make global supply chain realignment necessary and local firms are weighing upgrade and transformation options to stay in business, he said. The ministry would continue to assist Taiwanese firms returning from overseas markets and provide incentives for capital repatriation, he added.

Source: Taipei Times June 16, 2020 15:56 UTC