Love, laughter and lonely clouds have inspired poets the world over. Now Taiwan wants people to find lyrical inspiration in a subject that is also close to the heart — taxes.
The Ministry of Finance has launched a competition for Taiwanese to write verse about initiatives aimed at making it easier to file taxes. Topics include such gems as the uniform invoice redemption app, the Taxpayer Rights Protection Act (納稅者權利保護法) and tax refunds on energy-saving appliances and the replacement of used vehicles.
The competition has inspired budding bards — and humorists — to channel the likes of William Carlos Williams on Twitter.
To be sure, taxes have inspired plenty of lyrics in the past.
“The tax man’s taken all my dough, and left me in my stately home,” the Kinks sang in Sunny Afternoon.
Thomas Jefferson also was not a fan, according to the hit musical Hamilton: “Look, when Britain taxed our tea, we got frisky. Imagine what gon’ happen when you try to tax our whisky.”
The UK’s former poet laureate Carol Ann Duffy penned 22 Reasons for the Bedroom Tax in 2013.
Taiwan said the poems must be no more than 10 lines in length and must be submitted in Chinese and English. Only Taiwanese citizens can enter, and the winner is to be announced at the end of August, receiving NT$18,000 in cash.
However, a tax collector will be coming to take back some of that money — it must be declared as income when filing next year.
One reason for the competition could be Taiwan’s relatively flat tax revenues since 2018, even as the economy boomed from surging global demand for semiconductors.
Tax revenue was equal to 12.1 percent of Taiwan’s GDP in 2020, ministry data showed.
That is significantly lower than most other developed economies, and less than the global average of 14.9 percent, World Bank data showed.
An alleged US government plan to encourage Taiwan Semiconductor Manufacturing Co (TSMC) to form a joint venture with Intel to boost US chipmaking would place the Taiwanese foundry giant in a more disadvantageous position than proposed tariffs on imported chips, a semiconductor expert said yesterday. If TSMC forms a joint venture with its US rival, it faces the risk of technology outflow, said Liu Pei-chen (劉佩真), a researcher at the Taiwan Industry Economics Database of the Taiwan Institute of Economic Research. A report by international financial services firm Baird said that Asia semiconductor supply chain talks suggest that the US government would
Starlux Airlines on Tuesday announced it is to launch new direct flights from Taiwan Taoyuan International Airport to Ontario, California, on June 2. The carrier said it plans to deploy the new-generation Airbus A350 on the Taipei-Ontario route. The Airbus A350 features a total of 306 seats, including four in first class, 26 in business class, 36 in premium economy and 240 in economy. According to Starlux’s initial schedule, four flights would run between Taoyuan and Ontario per week: Monday, Wednesday, Friday and Saturday. Flights are to depart from Taoyuan at 8:05pm and arrive in California at 5:05pm (local time), while return flights
Nearly 800 Indian tourists are to arrive this week on an incentive tour organized by Indian company Asian Painted Ltd, making it the largest tour group from the South Asian nation to visit since the COVID-19 pandemic. The travelers are scheduled to arrive in six batches from Sunday to Feb. 25 for five-day tours, the Tourism Administration said yesterday. The tour would take the travelers, most of whom are visiting Taiwan for the first time, to several tourist sites in Taipei and Yilan County, including tea houses in Taipei’s Maokong (貓空), Dadaocheng (大稻埕) and Ximending (西門町) areas. They would also visit
HOSPITAL VISITS: Shin Kong Mitsukoshi pledged to give the families of the four people who died NT$11m each and provide support for staff working at the time The central government would assist local governments to enhance public safety, President William Lai (賴清德) said yesterday as he visited people in hospital who were injured in an explosion at a department store in Taichung on Thursday. A suspected gas explosion occurred on the 12th floor of the Shin Kong Mitsukoshi Zhonggang department store in Taichung at 11:33am on Thursday, killing four people and injuring 36. Of the 40 casualties, 39 were hospitalized, Ministry of Health and Welfare data showed. Three died after out-of-hospital cardiac arrests, the data showed. As of 6am yesterday, 25 of those injured had been discharged from hospital, leaving 11