MOF considers halving stock tax

PROS AND CONSThe tax currently stands at 0.3 percent, but accounts for more than 10 percent of the nation’s tax revenue. The tax was last cut from 0.6 percent in 1993

By Crystal Hsu AND Flora Wang / STAFF REPORTERS

He said the government should overhaul the entire tax system instead of only “treating where the pain is.”

Meanwhile, saying that the reduction of the stock transaction tax is a serious matter that requires comprehensive discussion, the director of the Democratic Progressive Party’s (DPP) Department of Youth Development, Chao Tien-lin (趙天麟), said, adding that the effect would be limited if the government introduces the measure only to boost the stock market’s short-term performance.

ADDITIONAL REPORTING BY RICH CHANG