The Administrative Enforcement Agency is to hold an auction of 64kg of gold on Tuesday next week in what would be the largest gold auction ever by Taiwanese law enforcement authorities.
The gold was seized from companies that owed a large amount of tax to the government, the agency’s New Taipei City branch said in a statement on Monday.
The 64kg cover 90 items, including 49 Swiss-branded gold bars weighing about 1kg each, 22 gold bricks weighing between 137g and 1,496g, another 16 gold bars weighing 187g each, and two shoe-shaped gold ingots weighing 37.48g and 37.5g, it said.
Photo courtesy of the Administrative Enforcement Agency’s New Taipei City Branch
The auction, which is to be divided into 22 bids, is expected to bring in a substantial amount of revenue.
With gold currently trading at about US$4,000 per ounce, 64kg would be worth about US$9 million, but items sold by the Administrative Enforcement Agency tend to fetch less than their market prices.
Still, the lots would be worth far more than they would have last year, with gold prices up more than 45 percent from a year earlier.
The gold items to be auctioned previously belonged to 11 precious metal vendors registered in Taipei and New Taipei City, which owed about NT$774 million (US$25.04 million) in corporate income tax to the government, the branch said.
The auction is to start at 10am at the meeting room of its office in New Taipei City’s Sinjhuang District (新莊), it said.
Those who want to participate in the auction can sign up with the agency and put up a NT$1 million deposit in the form of a bank check between 8:30am and 9:40am that day, it said.
CALL FOR SUPPORT: President William Lai called on lawmakers across party lines to ensure the livelihood of Taiwanese and that national security is protected President William Lai (賴清德) yesterday called for bipartisan support for Taiwan’s investment in self-defense capabilities at the christening and launch of two coast guard vessels at CSBC Corp, Taiwan’s (台灣國際造船) shipyard in Kaohsiung. The Taipei (台北) is the fourth and final ship of the Chiayi-class offshore patrol vessels, and the Siraya (西拉雅) is the Coast Guard Administration’s (CGA) first-ever ocean patrol vessel, the government said. The Taipei is the fourth and final ship of the Chiayi-class offshore patrol vessels with a displacement of about 4,000 tonnes, Lai said. This ship class was ordered as a result of former president Tsai Ing-wen’s (蔡英文) 2018
UKRAINE, NVIDIA: The US leader said the subject of Russia’s war had come up ‘very strongly,’ while Jenson Huang was hoping that the conversation was good Chinese President Xi Jinping (習近平) and US President Donald Trump had differing takes following their meeting in Busan, South Korea, yesterday. Xi said that the two sides should complete follow-up work as soon as possible to deliver tangible results that would provide “peace of mind” to China, the US and the rest of the world, while Trump hailed the “great success” of the talks. The two discussed trade, including a deal to reduce tariffs slapped on China for its role in the fentanyl trade, as well as cooperation in ending the war in Ukraine, among other issues, but they did not mention
HOTEL HIRING: An official said that hoteliers could begin hiring migrant workers next year, but must adhere to a rule requiring a NT$2,000 salary hike for Taiwanese The government is to allow the hospitality industry to recruit mid-level migrant workers for housekeeping and three other lines of work after the Executive Yuan yesterday approved a proposal by the Ministry of Labor. A shortage of workers at hotels and accommodation facilities was discussed at a meeting of the legislature’s Transportation Committee. A 2023 survey conducted by the Tourism Administration found that Taiwan’s lodging industry was short of about 6,600 housekeeping and cleaning workers, the agency said in a report to the committee. The shortage of workers in the industry is being studied, the report said. Hotel and Lodging Division Deputy Director Cheng
TOKYO SUMMIT: The new Japanese PM’s words have demonstrated Japan’s ‘firm position on urging the prioritization of cross-strait peace,’ the foreign ministry said Minister of Foreign Affairs Lin Chia-lung (林佳龍) yesterday thanked US President Donald Trump and Japanese Prime Minister Sanae Takaichi for supporting peace in the Taiwan Strait, a day after the two at a summit in Tokyo emphasized the importance of regional stability and ahead of a meeting between Trump and Chinese President Xi Jinping (習近平) in South Korea today. The previous day’s meeting was the first time Takaichi had met with the US leader since becoming Japanese prime minister, the Ministry of Foreign Affairs said in a statement. Since taking office on Tuesday last week, Takaichi has urged the international community to
RSS