By: Sophia Yeh and Maria Tsai
Legislative candidates and supporters of the two minor parties hit the streets in a protest against a draft amendment to the Statute for Industrial Innovation.
The Cabinet in the amendment proposed tax cuts for enterprises which spend on personnel training, overseas investments and taking measures to weather economic downturn in a business cycle. The draft is scheduled to be debated in the Legislative Yuan in December.
The alliance believed that the draft, instead of reviving domestic economy, will benefit only Taiwan’s conglomerates . [FULL STORY]