Taiwan’s tax revenue last month advanced 9 percent year-on-year to NT$252.7 billion (US$9.12 billion), boosted by increases in securities transactions, business and land taxes, the Ministry of Finance said yesterday.
Securities transactions rose last month, fueled by stocks of companies eyeing to play a role in the emerging “metaverse,” as well as equities that profit from continued port congestions in the US and a rising number of COVID-19 cases involving the Omicron variant of SARS-CoV-2, Department of Statistics Deputy Director-General Chen Yu-feng (陳玉豐) said.
Securities transaction tax revenue increased 66.98 percent from a year earlier to NT$23.9 billion, as daily stock market turnover gained 72.4 percent to NT$458.7 billion, reversing three months of decline, Chen said.
Although land value increment tax revenue contracted 13.8 percent to NT$9.6 billion, owing to a high baseline last year due to large deals, the number of taxable cases grew 7.1 percent to 61,649 last month, Chen said.
Personal income tax revenue grew 11.2 percent to NT$22.3 billion, boosted by capital gains taxes from short-term property transactions, she said.
For the first 11 months of this year, the government received NT$2.71 trillion in tax revenue, 11 percent more than expected for the whole year, Chen said.
Full-year tax revenue would approach NT$3 trillion, she said, adding that next year’s revenue would likely exceed that mark.
POWERING UP: PSUs for AI servers made up about 50% of Delta’s total server PSU revenue during the first three quarters of last year, the company said Power supply and electronic components maker Delta Electronics Inc (台達電) reported record-high revenue of NT$161.61 billion (US$5.11 billion) for last quarter and said it remains positive about this quarter. Last quarter’s figure was up 7.6 percent from the previous quarter and 41.51 percent higher than a year earlier, and largely in line with Yuanta Securities Investment Consulting Co’s (元大投顧) forecast of NT$160 billion. Delta’s annual revenue last year rose 31.76 percent year-on-year to NT$554.89 billion, also a record high for the company. Its strong performance reflected continued demand for high-performance power solutions and advanced liquid-cooling products used in artificial intelligence (AI) data centers,
SIZE MATTERS: TSMC started phasing out 8-inch wafer production last year, while Samsung is more aggressively retiring 8-inch capacity, TrendForce said Chipmakers are expected to raise prices of 8-inch wafers by up to 20 percent this year on concern over supply constraints as major contract chipmakers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co gradually retire less advanced wafer capacity, TrendForce Corp (集邦科技) said yesterday. It is the first significant across-the-board price hike since a global semiconductor correction in 2023, the Taipei-based market researcher said in a report. Global 8-inch wafer capacity slid 0.3 percent year-on-year last year, although 8-inch wafer prices still hovered at relatively stable levels throughout the year, TrendForce said. The downward trend is expected to continue this year,
Vincent Wei led fellow Singaporean farmers around an empty Malaysian plot, laying out plans for a greenhouse and rows of leafy vegetables. What he pitched was not just space for crops, but a lifeline for growers struggling to make ends meet in a city-state with high prices and little vacant land. The future agriculture hub is part of a joint special economic zone launched last year by the two neighbors, expected to cost US$123 million and produce 10,000 tonnes of fresh produce annually. It is attracting Singaporean farmers with promises of cheaper land, labor and energy just over the border.
US actor Matthew McConaughey has filed recordings of his image and voice with US patent authorities to protect them from unauthorized usage by artificial intelligence (AI) platforms, a representative said earlier this week. Several video clips and audio recordings were registered by the commercial arm of the Just Keep Livin’ Foundation, a non-profit created by the Oscar-winning actor and his wife, Camila, according to the US Patent and Trademark Office database. Many artists are increasingly concerned about the uncontrolled use of their image via generative AI since the rollout of ChatGPT and other AI-powered tools. Several US states have adopted
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