DEVELOPMENT: Following the Cabinet’s effort to ease a shortage of industrial land, the Yilan County Government plans to first target the Lize and Longte industrial parks

Taipei Times
Date: Nov 18, 2017
By: Crystal Hsu  /  Staff reporter

The Yilan County Government has fired the first shot by imposing land taxes of up to five times the norm on underutilized lots in the county’s industrial parks to support the Cabinet’s effort to ease the land shortage for industrial properties.

Acting Yilan County Commissioner Derek Chen (陳金德) on Thursday said he is taking an inventory of underutilized plots of land under his jurisdiction and will levy additional land taxes on vacant plots at rates two to five times the regular rates to promote land development.

Chen’s move came after the Cabinet made plans on Nov. 6 to free up to 1,422 hectares of underutilized land for industrial use in the next four years as part of an effort to encourage investment in Taiwan.    [FULL  STORY]