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The wealthy could pay more tax
The government’s pursuit of a capital gains tax has raised questions about how much different classes should contribute to tax revenues. Hon Hai Chairman Terry Gou believes the wealthy could pay more and proposed that Taiwan’s 300 wealthiest contribute an additional NT$18 billion a year.
The government’s pursuit of a capital gains tax has raised questions about how much different classes should contribute to tax revenues. Hon Hai Chairman Terry Gou believes the wealthy could pay more and proposed that Taiwan’s 300 wealthiest contribute an additional NT$18 billion a year.
Gou believes that the 100 wealthiest people in Taiwan should contribute an additional NT$10 billion in tax revenues, spread out proportionally. And those from 101 to 200 should contribute another NT$5 billion, and 201 to 300 should contribute an additional NT$3 billion. When added together, this would be an additional NT$18 billion in tax revenues.
Terry Gou held a press conference to announce his tax proposal. He expressed concern that the burgeoning European debt crisis and Taiwan’s troubled capital gains tax could slow the economy.
Finance minister describes tax reform plan as giving back (focustaiwan)
Taipei, Feb. 24 (CNA) Finance Minister Chang Sheng-ford described the concept behind the government's tax reform plan he outlined Monday as a "feedback tax," with the wealthy giving back to society and the government giving back to salaried workers and the disabled.
He said the plan would focus on narrowing the rich-poor divide by increasing the taxes paid by high-income earners and big financial institutions while increasing deductions for salaried workers and people with disabilities to ease their tax burdens.
Chang cited comments by two of Taiwan's most prominent entrepreneurs to back the idea.
Taiwan Semiconductor Manufacturing Co. Chairman Morris Chang said he "hoped taxes would be increased for high-income earners and cut for the poor," the finance minister said, while Hon Hai Group Chairman Terry Gou has said that "a rich man can be said to be a gentleman if he pays more taxes."
Based on the concept, the tax reform package includes the creation of a new individual income tax bracket with a marginal income tax rate of 45 percent for people reporting annual taxable income of over NT$10 million (US$329,446) a year.
Under the current tax code, the 40 percent rate bracket kicks in at a taxable income of more than NT$4.4 million.
The revision, if put through, is expected to affect around 9,500 people and generate an additional NT$9.9 billion in tax revenues.
In addition, the business tax for banking and insurance institutions will return to the previous 5 percent from the present 2 percent, which is expected to generate an additional NT$21 billion in tax revenues.
Also, the current tax credit afforded to individual shareholders receiving dividends would be cut by 50 percent and would generate more than NT$50 billion in tax revenues. All told, the increases will inject an additional NT$80 billion into national coffers.
Incentives will also be provided for small and medium-sized companies to hire more workers and for businesses to engage in research and development.
Do you think air pollution is a problem?
Which cities have the worst pollution? Which country has the worst air pollution?
Which city has the best living quality?
Listing world's most livable cities?
Air pollution (theguardian.com)
Q:
How do you think nations should resolve air pollution problems?
What we can do to improve air quality
Which cities have the worst pollution? Which country has the worst air pollution?
Which city has the best living quality?
Listing world's most livable cities?
Air pollution (theguardian.com)
Chinese scientists have warned that the country's toxic air pollution is now so bad that it resembles a nuclear winter, slowing photosynthesis in plants – and potentially wreaking havoc on the country's food supply.
Beijing and broad swaths of six northern provinces have spent the past week blanketed in a dense pea-soup smog that is not expected to abate until Thursday. Beijing's concentration of PM 2.5 particles – those small enough to penetrate deep into the lungs and enter the bloodstream – hit 505 micrograms per cubic metre on Tuesday night. The World Health Organisation recommends a safe level of 25.
The worsening air pollution has already exacted a significant economic toll, grounding flights, closing highways and keeping tourists at home. On Monday 11,200 people visited Beijing's Forbidden City, about a quarter of the site's average daily draw.
Should the rich be required to pay higher taxes in the Taiwan?
Why the rich should pay more taxes?
Why do people want rich people to pay more tax?
Do you think the rich are generous?
Why are poor people more generous than wealthy people?
YouBike rental volume grows 10 times in one year
Taipei, Feb. 26 (CNA) The number of rentals of YouBikes -- urban rental bicycles that serve as part of Taipei's public transportation system -- surged 10 times in 2013 compared with the previous year, the city's Department of Budget, Accounting and Statistics said Wednesday.
The YouBike rental system has become increasingly popular since its establishment in 2009, when it had 11 rental stations scattered around the city and 500 bikes for rent. As of the end of 2013, the number of rental stations had grown to 136, with 4,545 bikes available for hire, the department said.
Q: what do you think of the YouBike?
Around-the-corner convenience stores in Taiwan
The number of convenience stores in Taiwan has broken the 10,000 mark, averaging one such store for every 2,000 members of the population, the highest density in the world.
Even though some pundits said as long as a decade ago that the convenience store market had become saturated, growth has not slackened.
7-Eleven boasts the largest number of convenience stores in Taiwan at 4,943, followed by FamilyMart at 2,900, Hi-Life at 1,296 and OK-Mart at 880.
Q: what do you think ofconvenience stores in Taiwan?
Taiwanese band Mayday heads to Amsterdam after rocking Paris
Mayday's concert in London Friday.
Paris, Feb. 24 (CNA) Taiwanese band Mayday is heading to Amsterdam to round up its first European tour, after rocking thousands of fans in Paris on Sunday.
"Next stop, Amsterdam, the 'Flower City.' Here we come," band members wrote on their Facebook page Monday.
The rock band will hold the third and final leg of its European tour at the Heineken Music Hall in the Dutch capital on Wednesday.
Meanwhile, over 4,000 fans, many of them ethnic Chinese, attended the band's concert in Paris on Sunday, waving blue glow sticks to create the effect of a vast blue ocean at the Zenith arena.
Q: what do you think about pop music bands in taiwan?
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