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■ Tax take rises
The treasury took in NT$147.1 billion (US$4.39 billion) worth of taxes last month, an 8.2 percent rise from a year ago, mainly driven by an increase in income tax, the Finance Ministry said yesterday. Income tax revenues last month totaled NT$21.4 billion, up 29.6 percent from last year, while revenues from securities transactions tax rose 12 percent to NT$6 billion last month, it said in a statement. Revenues from commodity tax dropped 7.1 percent to NT$12.3 billion as the Cabinet announced it will slash commodity taxes on gasoline, diesel and fuel oil to hold down inflationary pressure. For the first 11 months of the year, tax revenues hit NT$1.48 trillion, up 14.1 percent from the same period last year, the ministry said.

■ High-tech all in China
Eight out of the nation's top 20 corporations have investments in China, according to a business survey published yesterday. Hon Hai Precision Industry Co (鴻海) topped the list as the largest conglomerate maintaining the biggest Taiwan-invested company in China, according to the survey jointly conducted by the Chinese-language Commercial Times and China Credit Information Service. Hon Hai is followed by seven other companies that are also among the top 20 firms in Taiwan and the top 20 Taiwanese firms in China. They are: Quanta Computer Inc (廣達), Compal Electronics Inc (仁寶), AU Optronics Corp (友達), BenQ Corp (明基), Inventec Inc (英業達), Acer Inc and Chunghwa Picture Tubes (華映). All eight top-ranking Taiwanese companies are involved in the high-technology business, the poll found.

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