By: Chiu Po-sheng, Liu Li-jung, Ku Chuan and Frances Huang
Taipei, Jan. 2 (CNA) A leading think tank in Taiwan suggested Wednesday that the
government’s higher than expected tax revenue should be used to help small businesses and people in need.
The tax revenue should also be directed to the development of central and southern Taiwan to narrow the gap with the northern areas, said Wang Jiann-chyuan (王健全), acting president of Chung-Hua Institution for Economic Research (CIER).
Small and medium sized enterprises, low-income households and young people would benefit from such assistance, he said in response to President Tsai Ing-wen (蔡英文)’s New Year’s Day address Tuesday, in which she said the government’s higher than projected tax revenue will go toward to the needy so that the people could benefit from the country’s economic growth.
In the speech, Tsai said that with the growth of the domestic economy over the past two years, national tax revenues have exceeded expectations and she has asked the Cabinet to devise a comprehensive program that will give priority to low-income citizens so they can enjoy the benefits of the economic growth. [FULL STORY]