Sat, Jul 07, 2007 - Page 4 News List

Court decides in favor of Soong in tax agency suit

By Rich Chang  /  STAFF REPORTER

The Taipei High Administrative Court ruled on Thursday that James Soong (宋楚瑜), chairman of the People First Party (PFP), does not have to pay NT$90 million (US$2.74 million) in backdated taxes and fines for buying more than NT$100 million in Chung Hsing Bills bonds in his son's name.

The ruling said the court considered the funds used to buy the bonds as Chinese Nationalist Party (KMT) funds and found that Soong had not embezzled them.

CONVENIENCE

The purchase of the bonds in the US was made in the name of Allen Soong (宋鎮遠) for convenience and Soong therefore does not have to pay back taxes and fines for the transaction, the ruling said.

The Taipei National Tax Administration, which had filed the lawsuit against Soong, said yesterday that the bureau would appeal the case to the Supreme Administrative Court.

RE-EXAMINATION

The Taipei High Administrative Court in April 2005 decided in favor of Soong, but in April last year the Supreme Administrative Court asked that the case be re-examined, saying that it suspected the funds were Soong's personal money and not the KMT's funds.

The Taipei court ruled in favor of Soong on Thursday.

GIFT

The Taipei District Prosecutors' Office and the Ministry of Finance investigated Soong's personal finances because of the allegations surrounding the purchase of Chung Hsing bills and found that Hsieh had transferred more than NT$146 million from the KMT's accounts to the US.

Soong said that the money was to be given as a gift to members of Chiang Kai-shek's (蔣介石) family in the US. Soong said that he had not stolen the money. Taipei prosecutors did not indict Soong.

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