Chinese Nationalist Party (KMT) presidential candidate Ma Ying-jeou (馬英九) yesterday unveiled his economic policies, proposing a tax relief plan that would include tax refunds for low-income families if he is elected president next month.
Ma promised to include a budget of NT$25 billion (US$700 million) each year for tax refunds to families whose annual income was under NT$480,000.
Families with annual incomes of NT$360,000 or less do not pay tax. Such families would also receive a subsidy that equaled 13 percent of their annual income, or up to NT$46,800, per year under his proposal, Ma said.
Ma said about 900,000 low income families, or 3.2 million people, would benefit from his policy.
Ma said that he would increase the individual taxable income limit from NT$78,000 to NT$100,000, raise taxable educational expenses to NT$25,000 and increase deductible inheritance tax from NT$13 million per household to NT$26 million.
"I will not answer any questions other than on my economic policies. I have stressed the importance for Taiwan that we revive the economy and I believe this is what people want from a presidential candidate," Ma said yesterday during a press conference in Taipei, refusing to comment on his Democratic Progressive Party (DPP) counterpart Frank Hsieh's (
Insisting on discussing nothing but his tax relief platform, Ma further proposed to decrease the business tax rate from 25 percent to 20 percent, while canceling tax incentives for high-tech industry.
Canceling the tax incentives for the industry, Ma said, would help to increase tax income for the nation and eliminate the unfair taxation systems for different industries.
Ma said high-tech industries only contributed 5.8 percent of the nation's tax income, while traditional businesses were responsible for 14.8 percent.
Rather than encourage high-tech industries, Ma said he planned to give tax incentives to businesses that showed innovation.
Ma also pledged to promote a "green" tax plan, by levying an energy tax to reduce greenhouse gas emissions, cut energy use and aid the environment.
The income from the green tax would be used to subsidize companies for implementing energy saving measures and for public transportation schemes.
The tax policies would cut NT$35 billion from annual tax income, but other economic plans would contribute to the nation's economic growth and therefore increase taxable income, balancing the loss in revenues that the changes would bring, Ma said.
The Taipei Grand Mosque yesterday said its earlier decision to cancel Eid al-Fitr celebrations on Sunday to mark the end of the Muslim holy month of Ramadan would stand, even though there have been no new domestic cases of COVID-19 in more than a month. It will be the first time in 60 years that the event has not be held at the mosque. The Ministry of Labor had asked all mosques to suspend Eid al-Fitr celebrations and prayers this year, due to COVID-19 concerns, and encouraged Muslims to pray at home. This year Ramadan began on April 23 and is to
KAOHSIUNG VOTE: A city official allegedly wrote a message calling on supporters of Kaohsiung Mayor Han Kuo-yu not to participate in the vote next month Prosecutors on Wednesday initiated an investigation of Kaohsiung Civil Affairs Bureau Director-General Tsao Huan-jung (曹桓榮) for allegedly telling supporters of Kaohsiung Mayor Han Kuo-yu (韓國瑜) to interfere with a recall vote against Han, while pan-green politicians denounced the mayor and his team for devising ways to obstruct voting. After receiving complaints from residents, the Kaohsiung District Prosecutors’ Office launched its probe of Tsao for alleged breaches of the Civil Servants Election and Recall Act (公職人員選舉罷免法). Complainants provided evidence that Tsao on Saturday last week wrote on messaging app Line that Han supporters should not vote in the June 6 recall vote, saying:
BILINGUAL ASSISTANCE: The center launched a chat bot that features Chinese and English interfaces to provide foreigners with instant information about the pandemic The Central Epidemic Command Center (CECC) yesterday said that it would discuss with other nations the possibility of allowing businesspeople to visit on a case-by-case basis. Asked about loosening border restrictions, Minister of Health and Welfare Chen Shih-chung (陳時中), who heads the center, said at the daily CECC news briefing that while the center is cautious about opening the nation’s borders, it would aim to diminish obstacles for important trade interactions without risking transmission of the novel coronavirus. Several foreign representatives in Taiwan have expressed an interest in the matter and the center would conduct related negotiations with the help of the
DELUSIONAL: The male patient said he did not know that the woman had mental problems, but the court said that her being restrained in isolation should have given him pause The Taiwan High Court has ordered the Jhudong branch of the Taiwan National University Hospital and a male patient to jointly pay a former female patient’s family NT$400,000 in compensation after the man had sex with the woman, who has mental problems, while hospitalized. The 26-year-old woman has been diagnosed with a mental disorder, a symptom of which is that she obsessively seeks to have sex, her mother said. The mother filed a formal complaint and sought damages from the hospital and the male patient surnamed Chen (陳) after finding out that her daughter had sex with the man while