Minister of Finance Ho Chih-chin (
The issue of reinstating the two groups' taxpayer status has been mulled for more than 20 years but has encountered various obstacles.
However a resolution seemed at hand with the Ministry of Education's recent announcement that it has completed a list of complementary measures to facilitate the plan. The Ministry of National Defense finalized its version a long time ago.
Minister of Education Tu Cheng-sheng (
"I can say with cautious optimism, we'll drum up the necessary support from the legislative caucuses and the amendments will pass three readings during the current legislative session," the minister said, adding that the regulation change could increase tax revenue by NT$15 billion (US$457 million).
A proposal to levy an energy tax, which will be tagged on the current commodity tax and vehicle fuel fees, and reforms of the inheritance and gift taxes will be postponed to the next legislative session, Ho said.
Late last month, Premier Su Tseng-chang (
His comment came after rumors were spread that the La New Bears, which won this year's Chinese Professional Baseball League (CPBL) championship, will be sold off because of financial difficulties.
Asked about the ministry's preparations, Ho said it requires careful study and that the ministry would respect any proposals submitted by the National Council on Physical Fitness and Sports, the top government organization in charge of sports.
"Baseball has a positive effect on our society and now would be the right time to offer some encouragement," Ho said.
NEW MARKET: The partnership opens up India to the Dutch company, which already has a strong hold in the semiconductor market of South Korea, Taiwan and China ASML Holding NV entered into a partnership agreement with Tata Electronics Pvt Ltd aimed at ramping up India’s goal to develop domestic chip-manufacturing capabilities. The Dutch company’s technology would help power Tata Electronics’ planned 300 millimeter (mm) semiconductor foundry in Gujarat, according to a joint statement from the two companies on Saturday. The signing of a memorandum of understanding coincides with a visit by Indian Prime Minister Narendra Modi to the Netherlands, which is looking to deepen bilateral relations with New Delhi. ASML, whose top customers include Taiwan Semiconductor Manufacturing Co (台積電) and Samsung Electronics Co, makes lithography machines that can print
ROUGH RECORDS: Bonds in Japan, as well is in New Zealand, Australia and the US, are seeing the effects of a nervy market as stock exchanges across Asia edge down A deepening slump in Japanese government bonds added fuel to the selloff in global debt markets as rising oil prices stoked inflation fears and pushed yields to multi-decade highs. Japan’s 30-year yield yesterday surged as much as 20 basis points to the highest level since the tenor’s debut in 1999, before paring some of the move. Shorter-maturity Japanese debt was also under pressure, underscored by weak demand at a sale of five-year notes that offered a record-high coupon of 2 percent. Concerns over inflation and government spending rippling through markets including the US, Australia and New Zealand are being amplified in Japan,
The US has cleared about 10 Chinese firms to buy Nvidia Corp’s second-most powerful artificial intelligence (AI) chip, the H200, but not a single delivery has been made so far, three people familiar with the matter said, leaving a major technology deal in limbo as chief executive officer Jensen Huang (黃仁勳) seeks a breakthrough in China this week. Huang, who was not initially listed in a White House delegation to Beijing, joined the trip after an invitation from US President Donald Trump, a source said. Trump picked him up in Alaska en route to a summit with Chinese President Xi Jinping
Wall Street is licking its chops over an unprecedented slate of massive initial public offerings (IPOs) set to arrive in the coming months, beginning with Elon Musk’s Space Exploration Technologies Corp (SpaceX) next month. That is expected to be followed by artificial intelligence (AI) rivals OpenAI and Anthropic PBC. The trio of mega listings, each eyeing valuations around US$1 trillion or more, constitutes a heady period of elevated risk and reward. SpaceX is targeting an IPO that would raise up to US$80 billion — about double the funds generated from all IPOs last year. OpenAI and Anthropic are eyeing IPOs raising US$60 billion. “We’re
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