Research-based firms to get tax cuts and government fund

The government said on August 22 that it will provide tax benefits to research-oriented domestic companies as part of follow-up measures to the free trade agreement (FTA) signed with the United States, according to the Ministry of Finance and Economy.

It plan to cut taxes for research and development (R&D) fund by up to six percent from next year, as well as for GMP facility investment by up...