The central government is studying a plan to attract and retain “high-caliber” foreign talent by providing them with preferential tax treatment, National Development Council (NDC) Deputy Minister Kao Shien-quey (高仙桂) said on Thursday.
The council has drafted a plan on improving Taiwan’s ability to retain highly talented foreign professionals to address talent shortages and labor outflows, Kao said after giving a report on the plan at a regular Cabinet meeting.
In the plan, the NDC proposed a slew of measures to address problems facing foreigners working in Taiwan, including high individual income tax rates for foreign workers.
According to tax rules in Taiwan, foreign workers who stay in the nation for fewer than 183 days within a taxable year will have their individual income taxed at progressive rates of up to 45 percent.
Taiwan’s personal income tax rates are higher than the 2 to 17 percent workers are subject to in Hong Kong and the maximum 20 percent in Singapore.
The council plans to grant preferential tax treatments to “high-caliber” foreign talent during their first three taxable years in Taiwan.
The details, however, have not been released.
The council also plans to streamline the processing of applications for documents by foreign professionals and the issuance of visas and permits for international students seeking internships in Taiwan.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
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