BROKEN PROMISE?Ko Wen-je said during his election campaign that he would endeavor to uphold ‘residential justice’ and the policy belies that pledge, the KMT said
Taipei Times
Date: Sep 11, 2015
By: Sean Lin / Staff reporter
A property tax cut proposed by the Taipei City Government yesterday came under fire from
Chinese Nationalist Party (KMT) Taipei city councillors hold a press conference in Taipei yesterday to criticize Taipei Mayor Ko Wen-je for proposing a tax cut on Taipei properties. Photo: CNA
the Chinese Nationalist Party (KMT) Taipei City Council caucus, with city councilors saying that the policy is aimed at benefiting construction companies.
The city government earlier this month proposed a tax cut that would reduce property taxes paid by construction companies from 3.6 percent of the estimated value of a property to 2 percent for each house they are selling.
Under a draft bylaw, the tax rate would apply for one year after a property is put on the market, after which it would be raised back up to 3.6 percent.
The 2 percent rate is lower than that for residents holding two properties — 2.4 percent — and much lower than the rate stipulated for people with three or more properties — 3.6 percent.
At a news conference, KMT Taipei City Councilor Chen Chung-wen (陳重文) criticized the policy, saying that it created double standards for construction companies and Taipei residents. [FULL STORY]
