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Thursday, April 24, 2014
Maximum housing tax to be raised to 3.6%
A legislative committee yesterday approved an amendment to increase maximum housing taxes from 2 percent to 3.6 percent.
 > Taiwan
Housing taxes could be subject to new rates by May of next year if an amendment aimed at pulling down extreme housing prices clears the Legislature, Finance Minister Chang Sheng-ford said Wednesday.
The return on investment for Taiwan's commercial real estate market has been low in the past two years, and many investors have switched their investment targets to New York, London and Tokyo, among others, according to a real estate consultancy.
 > Taiwan
Asia's largest computer show will focus this year on smart living technologies and applications, from 3D printers to wearable devices, according to one of the organizers of Computex Taipei.
 > Taiwan
AT&T's wireless business had a strong first quarter as the company added more than 1 million subscribers and benefited from an installment plan that permits frequent phone upgrades.
Shares of TPK Holding Co. outperformed the broader market on Wednesday after the touch panel maker announced a day earlier that it turned a profit in the first quarter, dealers said.
WhatsApp now has 500 million regular users around the world, the free mobile messaging service being acquired by Facebook said.
The number of Americans buying new homes plummeted in March to the slowest pace in seven months, a sign that the spring buying season is off to a weak start.
HTC Corp. on Wednesday denied a report that the Taiwanese smartphone maker is considering buying rival Nokia Oyj's factory in Chennai to give it better and faster access to the Indian market.
New private investments in Taiwan over the first three months of this year slightly lagged behind a target set by the government, a reflection of a slowdown in retail, wholesale and logistics investments, statistics compiled by the Ministry of Economic Affairs (MOEA) showed.
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