The rapid rise of Chinese Taipei in the Doing Business ranking is a first-rate success story for regulatory reform experts. Still ranked 61st in the world in 2008, the position climbed to 46th in 2009 and 33rd in 2010. This excellent rating is confirmed by the Global Competitiveness report 2012, which preserves the Island's excellent position (13th) reached in the previous report.
The best source of official information on how the Government achieved such a result is to be found on the site of the Centre for Economic Planning and Development, especially its yearly activity report. This year's issue, published earlier this month, includes the reform principles and measures undertaken by the different ministries and commissions. Concrete measures include the institution of online application procedures for company establishment, the provision of single-window services for construction permit applications, the use of personal property as collateral, and the legislation of laws and regulations for the protection of investors. Business friendly reform rest on a closely orchestrated interdepartmental collaboration. Efforts completed in 2010 and 2011 include such tax-facilitation measures as reduction of the business income tax to 17% and simplification of tax-filing procedures for profit-seeking enterprises. An excellent background note is published online by Professor Eric Yi-hung Chiou.
The best source of official information on how the Government achieved such a result is to be found on the site of the Centre for Economic Planning and Development, especially its yearly activity report. This year's issue, published earlier this month, includes the reform principles and measures undertaken by the different ministries and commissions. Concrete measures include the institution of online application procedures for company establishment, the provision of single-window services for construction permit applications, the use of personal property as collateral, and the legislation of laws and regulations for the protection of investors. Business friendly reform rest on a closely orchestrated interdepartmental collaboration. Efforts completed in 2010 and 2011 include such tax-facilitation measures as reduction of the business income tax to 17% and simplification of tax-filing procedures for profit-seeking enterprises. An excellent background note is published online by Professor Eric Yi-hung Chiou.
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