Thu, Sep 26, 2002 - Page 3 News List

KMT to put assets in trust, DPP unimpressed

HOLLOW GESTURE The KMT promised to come clean and put its party-run businesses in a trust, but the DPP said that wouldn't solve anything because the KMT will still be able to profit from these assets

By Stephanie Low  /  STAFF REPORTER

You argued that putting the KMT-run businesses into a trust is inconsistent with the principle that political parties cannot run commercial businesses, as the KMT will still gain profit from these businesses after they are put into a trust.

The Cabinet has recently completed its draft version of the Political Party Law and a draft for a law dealing with assets "obtained inappropriately" by political parties.

The KMT's draft version of the Political Party Law is different from the Cabinet's in that it would allow political parties to hold stakes of no more than 40 percent in a business, while prohibiting them from running a commercial business directly.

In the Cabinet's draft, political parties would be banned from running and investing in commercial businesses.

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