Ding Yuan-chin (
Ding is the former head of the National Police Administration and previous chief of the Taipei City Police Headquarters. New Party city councilors Lee Ching-yuan (
The Inheritance and Donation Tax Law stipulates that any cash gift greater than NT$600,000 is subject to taxation.
Ding claimed on Tuesday that to buy a house in Vision City (世界山莊) worth NT$38 million, he gathered NT$6 million from his only son and borrowed NT$20 million from one of his good friends.
"For the NT$6 million, Ding should've paid 21 percent of the amount, or NT$1.2 million, as required by law," Chung said.
Fines for failing to pay the donation tax is twice the amount taxed. In other words, Ding is subject to a fine of NT$2.4 million for failing to pay the NT$1.2 million tax, Chung said.
Although Ding claimed that he borrowed NT$20 million from one of his close friends, it's a loan with zero interest and no official records indicate that he has used another apartment in Taipei's Peining Road (
Therefore, Chung said from a legal point of view, the NT$20 million should be considered as a cash gift as well.
According to the donation tax law, a 34 percent tax is levied on a gift amounting to between NT$14 million and NT$29 million. In other words, the tax for the NT$20 million donation should be NT$6.8 million.
Because fines for failing to pay the donation tax are twice the amount of the original tax, the fine for not paying the NT$6.8 million donation tax should be NT$13.6 million.
Lee also said that Ding has been lying since the news broke on July 7.
"In the beginning, he said that his daughter wired NT$7 million from abroad to help him purchase the house. Then he claimed in Tuesday's press conference that his son gave him NT$6 million," Lee said.
In addition to suspicious financial connections with Ong Da-ming (
Ding currently serves as president of the Pan-Pacific Venture Capital Corp (
Lee also pointed to irregularities with Ding's bank account.
"Overall, he had a NT$4.2 million increase after he became the head of the National Police Administration in 1997," he said.
NEXT GENERATION: The four plants in the Central Taiwan Science Park, designated Fab 25, would consist of four 1.4-nanometer wafer manufacturing plants, TSMC said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) plans to begin construction of four new plants later this year, with the aim to officially launch production of 2-nanometer semiconductor wafers by late 2028, Central Taiwan Science Park Bureau director-general Hsu Maw-shin (許茂新) said. Hsu made the announcement at an event on Friday evening celebrating the Central Taiwan Science Park’s 22nd anniversary. The second phase of the park’s expansion would commence with the initial construction of water detention ponds and other structures aimed at soil and water conservation, Hsu said. TSMC has officially leased the land, with the Central Taiwan Science Park having handed over the
AUKUS: The Australian Ambassador to the US said his country is working with the Pentagon and he is confident that submarine issues will be resolved Australian Ambassador to the US Kevin Rudd on Friday said that if Taiwan were to fall to China’s occupation, it would unleash China’s military capacities and capabilities more broadly. He also said his country is working with the Pentagon on the US Department of Defense’s review of the AUKUS submarine project and is confident that all issues raised will be resolved. Rudd, who served as Australian prime minister from 2007 to 2010 and for three months in 2013, made the remarks at the Aspen Security Forum in Colorado and stressed the longstanding US-Australia alliance and his close relationship with the US Undersecretary
‘WORLD WAR III’: Republican Representative Marjorie Taylor Greene said the aid would inflame tensions, but her amendment was rejected 421 votes against six The US House of Representatives on Friday passed the Department of Defense Appropriations Act for fiscal 2026, which includes US$500 million for Taiwan. The bill, which totals US$831.5 billion in discretionary spending, passed in a 221-209 vote. According to the bill, the funds for Taiwan would be administered by the US Defense Security Cooperation Agency and would remain available through Sept. 30, 2027, for the Taiwan Security Cooperation Initiative. The legislation authorizes the US Secretary of Defense, with the agreement of the US Secretary of State, to use the funds to assist Taiwan in procuring defense articles and services, and military training. Republican Representative
TAIWAN IS TAIWAN: US Representative Tom Tiffany said the amendment was not controversial, as ‘Taiwan is not — nor has it ever been — part of Communist China’ The US House of Representatives on Friday passed an amendment banning the US Department of Defense from creating, buying or displaying any map that shows Taiwan as part of the People’s Republic of China (PRC). The “Honest Maps” amendment was approved in a voice vote on Friday as part of the Department of Defense Appropriations Act for the 2026 fiscal year. The amendment prohibits using any funds from the act to create, buy or display maps that show Taiwan, Kinmen, Matsu, Penghu, Wuciou (烏坵), Green Island (綠島) or Orchid Island (Lanyu, 蘭嶼) as part of the PRC. The act includes US$831.5 billion in
RSS