AmCham Taiwan Calls on Exempting Active Bond ETF Securities Tax

The American Chamber of Commerce in Taiwan suggests regulators exempt the securities transaction tax on active bond exchange-traded funds, bringing it in line with passive bond ETFs, according to a white paper released on Tuesday.

• Two products should be afforded equal treatment under the securities transaction tax regime: paper
• Recommends government to revise restriction on investment managers’ use of mobile phones and other information and communication devices, allowing such matters to be managed through firms’ internal control and compliance frameworks
  • Such restrictions aren’t common in major international asset management markets, and have become a serious impediment to retaining talent
  • Calls ...