Focus Taiwan
Date: 2016/10/11
By: Bernie Chiu and Lilian Wu
Taipei, Oct. 11 (CNA) The Ministry of Finance said Tuesday that hikes in estate and gift tax, and
CNA file photo
cigarette tax, could help funnel a total of NT$28.8 billion (US$909 million) per year into the government’s long-term care program.
The ministry will report to the Legislature on how the program will be financed Wednesday.
The Legislative Yuan has invited the ministry, the Directorate General of Budget, Accounting and Statistics and the Ministry of Health and Welfare to give reports on the issue.
In a written report made available Tuesday, the ministry said it is planning to adjust the present single tax rate of 10 percent to a three-tier system of 10 percent, 15 percent and 20 percent. [FULL STORY]
