Taipei Times
Date: Jun 22, 2016
By: Chen Wei-han / Staff reporter

The New Power Party (NPP) yesterday said it would propose amendments that would raise the inheritance and gift tax, increase penalties for companies interfering with workers’ unions and regulate private schools.

The proposal would involve changes to the Estate and Gift Tax Act (遺產及贈與稅法), the Labor Union Act (工會法) and the Private School Act (私立學校法), the NPP said.

The estate and gift tax rate was lowered to 10 percent in 2009, resulting in tax inequality and generational injustice, the party said.

The maximum limit on tax exemptions for gifting is currently NT$2.2 million (US$68,200) per person, which the NPP said is the highest among countries that have an estate tax system.     [FULL  STORY]