Focus Taiwan
Date: 2019/07/06
By Wang Cheng-chung and Frances Huang

Taipei, July 6 (CNA) Terry Gou (郭台銘), a presidential contender of the opposition Kuomintang (KMT), said Saturday that if he is elected the next president of Taiwan, he will levy a tax on the wealthy that will be worth around NT$160 billion (US$5.14 billion) per year to the government.

Gou, who is participating in the KMT primary for the 2020 presidential election, said that as one of the richest men in Taiwan, he has a better understanding than many other people in Taiwan about how to tax the wealthy.

"While others expect to collect only NT$8 billion to NT$15 billion in taxes on the rich, my method is expected to collect as much as NT$160 billion," Gou said in a Facebook post.

After entering the KMT primary, Gou called for a tax on the richest people in Taiwan, a move that is expected to allow the wealthy to shoulder a bigger burden of social welfare costs.
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