The Democratic Progressive Party (DPP) caucus said yesterday it “had reservations” about the Chinese Nationalist Party’s (KMT) proposals to raise taxes and to impose a capital gains tax.
KMT Legislator Tseng Chu-wei (曾巨威) said that imposing a capital gains tax “is a road Taiwan must take,” while Control Yuan President Wang Chien-hsien (王建煊) said he would like to have been finance minister so that he could implement a series of measures to raise taxes.
“President Ma Ying-jeou’s (馬英九) attitude, rather than who the finance minister is, is the most important factor in advancing tax reforms,” DPP Legislator and party caucus chief secretary Chen Ting-fei (陳亭妃) told a press conference.
Photo: CNA
“We would like to remind President Ma that raising taxes alone will not resolve the issue of the national debt. Reducing government inefficiency is important as well,” Chen said.
DPP Legislator Huang Wei-cher (黃偉哲) said imposing a capital gains tax was the right direction to go, as “that income is considered easy money when compared with that of blue-collar workers.”
However, the details and categories have to be worked out by the government before further discussions on the issue can take place, Huang said.
The government should levy a wealth tax on the top 5 percent of earners, instead of imposing capital gains tax on securities transactions, Taiwan Solidarity Union whip Hsu Chung-hsin (許忠信) said.
Meanwhile, Premier Sean Chen (陳冲) said that taxation and finance were not necessarily the same, adding that the job of finance minister entailed not only raising or cutting taxes, but also considering the government’s overall financial health, while balancing income and expenditure.
Accompanied by Executive Yuan Secretary-General Lin Yi-shih (林益世), Minister-Without-Portfolio Yang Chiu-hsing (楊秋興) and Greater Kaohsiung Mayor Chen Chu (陳菊), Sean Chen inspected post-Morakot reconstruction areas and asked about job opportunities, industry and the sustainability of the environment in post-disaster areas.
Replying to questions by reporters on raising taxes, including the possibility of including a capital gains tax, Sean Chen said that there are a lot of problems with the taxation system, which needs to be reformed.
The overall effects of taxation, as well as the overhead costs of collecting taxes need to be reviewed, the premier said, adding that as implementing a capital gains tax is not seen as a consensus issue, it would depend on the finance minister’s report.
With translation by Jake Chung, staff writer
Chinese Nationalist Party (KMT) Chairman Eric Chu (朱立倫), spokeswoman Yang Chih-yu (楊智伃) and Legislator Hsieh Lung-chieh (謝龍介) would be summoned by police for questioning for leading an illegal assembly on Thursday evening last week, Minister of the Interior Liu Shyh-fang (劉世芳) said today. The three KMT officials led an assembly outside the Taipei City Prosecutors’ Office, a restricted area where public assembly is not allowed, protesting the questioning of several KMT staff and searches of KMT headquarters and offices in a recall petition forgery case. Chu, Yang and Hsieh are all suspected of contravening the Assembly and Parade Act (集會遊行法) by holding
PRAISE: Japanese visitor Takashi Kubota said the Taiwanese temple architecture images showcased in the AI Art Gallery were the most impressive displays he saw Taiwan does not have an official pavilion at the World Expo in Osaka, Japan, because of its diplomatic predicament, but the government-backed Tech World pavilion is drawing interest with its unique recreations of works by Taiwanese artists. The pavilion features an artificial intelligence (AI)-based art gallery showcasing works of famous Taiwanese artists from the Japanese colonial period using innovative technologies. Among its main simulated displays are Eastern gouache paintings by Chen Chin (陳進), Lin Yu-shan (林玉山) and Kuo Hsueh-hu (郭雪湖), who were the three young Taiwanese painters selected for the East Asian Painting exhibition in 1927. Gouache is a water-based
Taiwan would welcome the return of Honduras as a diplomatic ally if its next president decides to make such a move, Minister of Foreign Affairs Lin Chia-lung (林佳龍) said yesterday. “Of course, we would welcome Honduras if they want to restore diplomatic ties with Taiwan after their elections,” Lin said at a meeting of the legislature’s Foreign Affairs and National Defense Committee, when asked to comment on statements made by two of the three Honduran presidential candidates during the presidential campaign in the Central American country. Taiwan is paying close attention to the region as a whole in the wake of a
OFF-TARGET: More than 30,000 participants were expected to take part in the Games next month, but only 6,550 foreign and 19,400 Taiwanese athletes have registered Taipei city councilors yesterday blasted the organizers of next month’s World Masters Games over sudden timetable and venue changes, which they said have caused thousands of participants to back out of the international sporting event, among other organizational issues. They also cited visa delays and political interference by China as reasons many foreign athletes are requesting refunds for the event, to be held from May 17 to 30. Jointly organized by the Taipei and New Taipei City governments, the games have been rocked by numerous controversies since preparations began in 2020. Taipei City Councilor Lin Yen-feng (林延鳳) said yesterday that new measures by