Chinese Nationalist Party (KMT) Legislator Chang Hsien-yao (張顯耀) said yesterday that he planned to launch a proposal that would allow taxpayers to list tickets to sports events as tax deductible.
“I have used examples in the US and Europe as a reference. Tickets to sports games are deductible in other countries,” Chang told reporters.
“The regulation could help boost secondary consumption in the sports industry, which is estimated to be at least US$50 billion. This will help promote sports events in Taiwan,” he said.
In accordance with Chang’s plan, taxpayers, their spouses and their dependents would enjoy a maximum NT$10,000 sports events deductible quota per individual when reporting their income tax.
Chang’s proposal was among several tax deduction plans proposed by lawmakers and the government recently.
On March 25, KMT Legislator Lai Shyh-bao (賴士葆) of the Finance Committee proposed introducing an NT$30,000 per individual consumption deduction regulation to the Income Tax Act (所得稅法).
Lai said at the time that the nation’s tax revenue would only decrease by NT$5.8 billion (US$175,000) through his proposal.
The Council for Cultural Affairs (CCA) also proposed the idea of allowing taxpayers to deduct expenditure on tickets to art events — a maximum of NT$12,000 per person — from their annual tax reports.
The proposal was seen as an incentive to encourage the public to participate in arts events and boost the art sector.
The CCA’s plan had met with opposition from the Ministry of Finance, which said the nation’s tax revenue could drop by NT$6.5 billion should the plan be approved.
When approached for comment in Taoyuan, Executive Yuan Spokesman Su Jun-pin (蘇俊賓) emphasized the need to thoroughly consider the effect on the nation’s coffers.
“[We should consider] whether [Chang’s proposal] would really help boost the [sports] industry and whether it would deal a blow to the nation’s finances,” he said.
NATIONAL SECURITY: Authorities are working to confirm the identities of the military personnel involved and investigating possible illegal conduct and regulatory violations Authorities are probing possible national security implications after Kinmen police and immigration officers on Sunday found a Chinese woman allegedly posing as a tourist while engaging in prostitution involving more than 10 military personnel. The woman, surnamed Chen (陳), has since been deported, authorities said, adding that investigators are still working to confirm the identities of those implicated, as the records only listed code names and aliases. The case stemmed from a report received by the Kinmen District Prosecutors’ Office on Friday last week from the Jinhu Precinct of the Kinmen County Police Bureau. On Sunday, police, along with the National Immigration
GLOBALGIVING: ‘ Caving to external pressure is not acceptable for an organization that has cultivated justice reform and human rights for 30 years,’ one NGO said A slew of non-government organizations (NGOs) have withdrawn from the GlobalGiving fundraising platform after it announced it would use “Chinese Taipei” instead of “Taiwan” from next month. The Taiwan Good Rice Association wrote on Facebook on Friday that it was informed on April 28 via a teleconference call of the change, which was made because the platform wanted to operate in China. Taiwan Good Rice is to terminate all cooperative relationships with GlobalGiving in response to the platform’s “unilateral and non-negotiable” decision to remove references to Taiwan, the NGO said. “Taiwan is in the official name of Taiwan Good Rice Association and the
HEAVY WEATHER: Typhoon Jangmi is due to crash straight into the Ryukyus as airlines look to shift flights to larger aircraft or cancel flights to Okinawa entirely Taiwan’s international air carriers announced flight adjustments over the weekend as Typhoon Jangmi is forecast to hit the Ryukyu Islands today and tomorrow. The Central Weather Administration (CWA) upgraded Jangmi from a tropical storm to a typhoon at 8am yesterday, with the eye located 580km south of Naha city. It was moving north at 19kph. Today, China Airlines’ CI-120, CI-121, CI-122 and CI-123 flights between Taoyuan and Naha, Okinawa, have been canceled as well as CI-132 and CI-133 between Kaohsiung and Naha. EVA Air’s BR-112, BR-113, BR-186 and BR-185 flights between Taoyuan and Naha are also canceled. Low-cost carrier Tigerair Taiwan canceled IT-230,
Chinese Nationalist Party (KMT) Chairwoman Cheng Li-wun (鄭麗文) yesterday briefed her party’s Central Standing Committee regarding her scheduled visit to the US between Monday next week and June 16, saying that her purpose would be to persuade the US that the Republic of China (ROC) Constitution was a “one China” constitution that would foster stable and peaceful cross-strait relations. The ROC Constitution is the most important defense for all Taiwanese citizens, as it upholds our democracy and has contributed to our robust economy, which aligns with international and US interests, she said. “We would not be troublemakers and drag the US under,”
RSS