It has been reported that the Taiwanese Ministry of Finance would be concluding tax arrangements with the United States and Canada in 2006 or 2007. According to the American Institute in Taiwan, foreign enterprises doing business in Taiwan found the taxation of Taiwan especially challenging without the clarity provided by a tax arrangement. Taiwan has seen many changes to taxation such as charges on commissions of foreign security brokers and royalties on films, and a 20% alternative minimum tax on income exceeding USD 30,000 derived from Taiwanese residents from foreign sources (the latter may be introduced as from 2009) increased...