The Supreme Administrative Court ruled that People First Party (PFP) Chairman James Soong (
The Supreme Administrative Court said the US$480,000 was unused funds from Soong's campaigns in 1995 and 1997 for Taiwan provincial governor, and that the money counted as his personal property.
"Because Soong put his personal property into his son's accounts in the US, it should be treated as a gift, and therefore Soong needs to pay gift taxes and a fine to the nation," the court ruling said.
Soong told the court that he often paid visits to foreign countries when serving as Taiwan provincial governor from 1995 to 1998. Because he did not attain public funding for the foreign tours, he sent his own money to his son, Soong Chen-yuan (
The ruling said that if Soong thought the money was not a gift for his son, then he should have proved it to the court. But Soong provided little evidence to the court, so it had no choice but to rule against him, the ruling said.
The court said Soong ran for and won the office of Taiwan provincial governor in 1994.
He asked his mother-in-law to send US$150,000 to his son in the US in 1995, and then asked a friend surnamed Lee to deposit US$330,000 in his son's bank account in 1997.
The total was US$480,000, the court added.
Because of Soong's role in the Chung Hsing Bills Finance scandal (
In addition to the lawsuit ruling on Friday, Soong still faces five cases involving unpaid taxes and fines. Those cases have yet to be ruled on by the court.
One of the cases involves allegations that Soong stole money from the KMT and used it to buy US bonds in his son's name. Soong has claimed that the money was to be used as a gift for members of Chiang Kai-shek's (
However, the Ministry of Finance has filed a lawsuit with the Supreme Administrative Court, asking Soong to pay NT$90 million in taxes and fines for his purchases of US bonds, but the case has yet to be resolved.
Taiwan is projected to lose a working-age population of about 6.67 million people in two waves of retirement in the coming years, as the nation confronts accelerating demographic decline and a shortage of younger workers to take their place, the Ministry of the Interior said. Taiwan experienced its largest baby boom between 1958 and 1966, when the population grew by 3.78 million, followed by a second surge of 2.89 million between 1976 and 1982, ministry data showed. In 2023, the first of those baby boom generations — those born in the late 1950s and early 1960s — began to enter retirement, triggering
ECONOMIC BOOST: Should the more than 23 million people eligible for the NT$10,000 handouts spend them the same way as in 2023, GDP could rise 0.5 percent, an official said Universal cash handouts of NT$10,000 (US$330) are to be disbursed late next month at the earliest — including to permanent residents and foreign residents married to Taiwanese — pending legislative approval, the Ministry of Finance said yesterday. The Executive Yuan yesterday approved the Special Act for Strengthening Economic, Social and National Security Resilience in Response to International Circumstances (因應國際情勢強化經濟社會及民生國安韌性特別條例). The NT$550 billion special budget includes NT$236 billion for the cash handouts, plus an additional NT$20 billion set aside as reserve funds, expected to be used to support industries. Handouts might begin one month after the bill is promulgated and would be completed within
The National Development Council (NDC) yesterday unveiled details of new regulations that ease restrictions on foreigners working or living in Taiwan, as part of a bid to attract skilled workers from abroad. The regulations, which could go into effect in the first quarter of next year, stem from amendments to the Act for the Recruitment and Employment of Foreign Professionals (外國專業人才延攬及僱用法) passed by lawmakers on Aug. 29. Students categorized as “overseas compatriots” would be allowed to stay and work in Taiwan in the two years after their graduation without obtaining additional permits, doing away with the evaluation process that is currently required,
RELEASED: Ko emerged from a courthouse before about 700 supporters, describing his year in custody as a period of ‘suffering’ and vowed to ‘not surrender’ Former Taiwan People’s Party (TPP) chairman Ko Wen-je (柯文哲) was released on NT$70 million (US$2.29 million) bail yesterday, bringing an end to his year-long incommunicado detention as he awaits trial on corruption charges. Under the conditions set by the Taipei District Court on Friday, Ko must remain at a registered address, wear a GPS-enabled ankle monitor and is prohibited from leaving the country. He is also barred from contacting codefendants or witnesses. After Ko’s wife, Peggy Chen (陳佩琪), posted bail, Ko was transported from the Taipei Detention Center to the Taipei District Court at 12:20pm, where he was fitted with the tracking
RSS