Even as it expands the suite of investment products available to wealthy clients, Taiwan’s ambitions to become an international wealth management centre will likely be constrained if it proves unable to lower its tax rate, admits a senior local regulator.
These aspirations have been given fresh impetus in the wake of Hong Kong's mass protests which have now dragged on for nearly five months and have hurt Hong Kong's status as a wealth hub, prompting some individuals to move their assets to Taiwan.
The anti-extradition bill protests in Hong Kong are a “catalyst” for Taiwan to introduce a new wealth management proposal ...
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