No capital gains tax in foreseeable future: Lin

Taiwan News
Date: 2016-03-16
By: George Liao, Taiwan News, Staff Writer

Premier-designate Lin Chuan was reported as saying in the upcoming issue 6741764of Business Today weekly to be published on Thursday that imposition of capital gains tax is impossible in the foreseeable future in the absence of dramatic changes.

Business Today issued a news release on Wednesday that reveals part of an exclusive interview the magazine had with Lin a few days ago, in which he was asked the question regarding the capital gains tax.

Lin was also reportedly asked if he would raise sales tax and estate and gift tax in the future to finance for the elderly long-term care policy.

Lin was cited as saying that the purposes of the elderly long-term care policy also include employment and innovation.     [FULL  STORY]

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