Tax reform to proceed: finance chief

PROGRESS:Sheu Yu-jer voiced confidence that a tax reform package will be reviewed and approved even after a Cabinet reshuffle following the resignation of the premier

Taipei Times
Date: Sep 05, 2017
By: Chen Wei-han / Staff reporter

The upcoming Cabinet reshuffle would not delay the progress of tax reform, whether

Ministry of Finance Taxation Administration Director-General Lee Ching-hua gives a presentation on the government’s tax reform proposals yesterday at a news conference at the ministry’s headquarters in Taipei. Photo: CNA

the new premier retains or names a new finance chief to lead the reform, Minister of Finance Sheu Yu-jer (許虞哲) told a press conference yesterday.
Premier Lin Chuan (林全) resigned yesterday and the Cabinet is expected to follow suit on Thursday.

The Ministry of Finance on Friday unveiled a major tax reform package that would abolish the imputation tax system for investors, increase the deduction thresholds for personal income taxes and lower the cap on the personal income tax rate.

The Cabinet will review, adjust and submit the approved package to the Legislative Yuan, which is expected to begin its new session on Sept. 22, Executive Yuan spokesman Hsu Kuo-yung (徐國勇) said.    [FULL STORY]

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