Fri, Feb 08, 2013 - Page 3 News List

Jiang dismisses tax fraud allegations

REGULATIONS:A land administration agent said the premier-designate might have withheld information from the land agency, in which case he could be charged with forgery

By Shih Hsiu-chuan  /  Staff reporter

Jiang’s father would have been assessed a higher gift tax if he was able to present any evidence to prove that the transaction actually existed, he said.

Under land rules, property transaction incur a land value increment tax rate and deed tax.

In addition to those taxes, land owners are also required to pay a gift tax when they turn over their ownerships to another person through a donation.

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