By: Christie Chen, Central News Agency
The New Power Party said Monday that it will work toward raising the corporate income tax
rate and setting up a specific law targeting minimum wage in Taiwan if its candidates are elected in next year’s legislative elections.
“We hope to gradually abolish the unreasonable corporate tax relief and levy business income tax on their gains,” legislative candidate Huang Kuo-chang said at a press conference in which his relatively new party announced several of its social and economic policies.
Among them is a proposal to raise corporate income tax from its current rate of 17 percent to 20-25 percent. [FULL STORY]