TAIPEI – The Taiwan government is preparing a relief package for the struggling domestic auto industry. The Ministry of Economic Affairs has agreed to a plan put forward by the Taiwan Transportation Vehicle Manufacturers Assn. designed to stimulate sales through subsidies and tax cuts. The commodity tax on new cars currently is set at 25% for those with engines smaller than 2.0L and 30% for those with engines larger than 2.0L. New-car sales in October fell to a 22-year low of 17,324 ...

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