Cabinet approves bill to boost fines for illegal Chinese investment

Focus Taiwan
Date: 2018/09/27
By: Ku Chuan and Evelyn Kao

Taipei, Sept. 27 (CNA) The Cabinet passed a draft bill Thursday to increase fines for Chinese individuals or institutions that invest in Taiwan illegally.

The draft amendments to the Act Governing Relations between the People of the Taiwan Area and the Mainland Area will now be sent to the Legislature for ratification.

Under the new amendments, any Chinese investor or investing enterprise that invests in Taiwan without getting permission from the relevant authorities could be subject to a fine of NT$50,000-NT$25 million (US$1,636-US$817,789), a revision from the original fine of NT$120,000-NT$600,000, plus rectification.    [FULL  STORY]

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