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Taiwan Clarifies No Futures Transaction Tax in Case of a Merger

|Approved Changes|Taiwan
Taiwan

Taiwan's Ministry of Finance recently issued a release to clarify the application of future transactions tax in the case of a merger. The release provides that in the case of a merger, the surviving company is not liable for future transactions tax on the futures commodities held by the merged company because the futures commodities are not actually traded. This is in line with the treatment o…

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