Taiwan NEGATIVE GST to tax rebate to suffering peasants

[uncleyap]

台湾讨论实施［负消费税］退税；减税。李家王朝GST＝7％

1. 雅虎新闻链接
2. 雅虎新闻链接

李 家王朝在全国历来最恶劣通货膨胀，经济将衰退的情况下，不但自己不停的增加内阁部长薪水，而且调高各种人民负担，包括高达7％的消费税。在相同的情况下， 台湾马萧政府和反对党朝野讨论负消费税／退税补贴政策，来协助经济和人民的生活。相比之下，人民就可以清楚看见自己花费世界最高薪水所聘请的是什么烂政 府。根本不顾人民在水深火热的死活，只顾自己和特权阶级的财富享受。

蕭萬長提退稅　民進黨肯定並籲通過全面退稅方案

<label> </label> 更新日期:<q>2008/09/09 12:15</q> 韓啟賢
針對副總統蕭萬長提到「有條件的退稅」，除了讓中、低收入戶喘一口氣外，也刺激消費，民進黨9日表示，蕭萬長的發言足見民進黨所提的退稅案，就是國際主要國家成功祭出的拯救經濟策略。民進黨呼籲「全面退稅、刺激消費」，希望立法院在本會期能推過民進黨團的退稅提案。
馬英九與蕭萬長在競選總統與副總統時，曾提稅改「468方案」，規畫對有工作的中、低所得家庭實施退稅補貼計畫。蕭萬長在8日進一步表示，這個計畫就是「有條件的退稅」，一方面讓中、低收入戶喘一口氣，也可刺激消費，政府應該趕快做；並指出，政府應帶頭刺激消費。
對此，民進黨青年部主任趙天麟9日表示，從蕭萬長的發言可以看出民進黨所提出的退稅案，不但是國際潮流，也獲得馬英九所號稱「經濟總設計師」蕭萬長的認同。不過，馬政府與劉內閣上任百日以來，對民進黨建言毫不重視、不理不睬；民進黨呼籲馬政府，從現在開始推行採用，為時未晚。
趙天麟說：『提出藥方了，政府不理不睬，背棄世界潮流，選擇站在人民的對立面。我們認為蕭萬長先生的這個藥方，可能仍然沒有辦法發揮作用；所以我們呼籲全面退稅，刺激消費，希望本會期立刻通過民進黨的提案。』
此外，財政部長李述德8日指出，證交稅是朝調降的方向，但時間與降幅等，都在研究規畫中；而行政院發言人史亞平稍後表示，調降證交稅是一個研議中的方向，未有定論、也未有研議期限，一旦做成決議會向外界公布。
對此，趙天麟表示，馬政府決策過程粗糙，財政部長不成熟的放話，影響股市，政府怎可帶頭放假消息擾亂股市秩序。趙天麟呼籲馬英九團隊，要審慎討論、思考可長可久的經濟戰略方向與政策工具；稅制不是一天、兩天操作，政府必須改進。


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posted by uncleyap at 10:39 AM

 

[twochan]

Goodness... you should try to translate the articles you paste to make it more accessible...

 

[uncleyap]

Goodness... you should try to translate the articles you paste to make it more accessible...

No time to translate lah sorry. Basically Taiwan is considering all sort of measures to help slumping economy and inflation problems including a form of NEGATIVE GST aka tax rebate. Here famiLEE LEEgime still ripping us off @ 7% GST in the inflation and up coming recession.


I can paste related English news here:

http://www.chinapost.com.tw/taiwan/ business/2008/09/10/173955/City-local.htm



<table border="0" cellpadding="0" cellspacing="0" width="830"><tbody><tr><td valign="top" width="518">Taiwan > BusinessCity, local gov'ts pushed to digest stimulus plan



The China Post news staff
Wednesday, September 10, 2008






TAIPEI, Taiwan -- Premier Liu Chao-shiuan yesterday instructed county and city heads to swallow a fl
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eshy NT$58.3 billion economic stimulus budget, designed to expand domestic demand, by the end of this year. Liu spoke at a seminar with the local government chiefs yesterday morning to discuss how to perk up the island's slumping economy.
Concerned about the implementation of effective pick-me-up projects, by local county and city governments, the Cabinet has stated an effective execution of the budget is essential to climbing out of the island's latest doldrums.
The NT$58.3 billion stimulus package was ratified by the Legislative Yuan in July and promulgated in August. Local county and city councils are expected to ratify relevant projects designed to bolster local developments by the end of September.
Accordingly, local counties and cities will have three months to farm out the projects to contractors, as the budgets are required to be digested by the end of this fiscal year in late December.
In case the NT$58.3 billion stimulus projects fall short of their year's end deadline, the expected stimulation won't surface and the government's efforts to launch the special budget plan would amount to nothing, one offical explained.
During yesterday's meeting, Premier Liu expressed his hope that the NT$58.3 billion bid at expanding domestic demand would be smoothly digested.
The Cabinet-level Public Construction Commission has worked out a set of criteria to monitor the implementation of projects by counties and cities, in the hope that the budget can be fully digested by the end of this year.
In case any county or city fails to implement the projects in time, the county or city is required to return unused funds to the central government, PCC officials said.
The officials said that the PCC has come out with flexible practices for them to implement their construction projects in line with the extra resolutions made by the Legislative Yuan.
Under the resolutions, local counties and cities will be allowed to carry out other projects than those approved by the Cabinet. This means, if any county or city fails to fully deliver on its budget fund, the county or city can use the leftover fund to undertake other short-term, small-sized construction projects.
The Ministry of Finance has reportedly decided to appropriate another NT$20 billion for local county and city governments to improve their finance, and step up their public infrastructure projects.
Informed sources said this is part of the NT$100 billion program pledged by President Ma Ying-jeou during his election campaign to help local counties and cities improve their financial conditions. The NT$100 billion budget will be appropriated within five years, with NT$20 billion for each year.
Some local governments said they would use the money to repay their loans. Changhua County Government, for instance, is planning to use the expected allocation of NT$3 billion to repay its debts, as will Kaohsiung County Government in southern Taiwan, and Nantou County Government in central Taiwan. 
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http://www.chinapost.com.tw/taiwan/ business/2008/09/10/173968/NT$13.5-bil..htm



<table border="0" cellpadding="0" cellspacing="0" width="830"><tbody><tr><td valign="top" width="518">Taiwan > BusinessNT$13.5 bil. amassed to subsidize low incomes



The China Post news staff
Wednesday, September 10, 2008






TAIPEI, Taiwan -- The government has budgeted NT$13.5 billion to subsidize low-income households in
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line with President Ma Ying-jeou's presidential election campaign promise, Vanessa Shih, spokeswoman of the Cabinet, said yesterday. Shih spoke at a press conference held yesterday afternoon in the wake of a briefing presented by Chairman Chen Tien-chih of the Council for Economic Planning and Development to Premier Liu Chao-shiuan.
Under the program, households with an annual working income below NT$360,000 will be granted an annual working subsidy of NT$46,800, along with exemption from income taxes, as stipulated in the existing Income Tax Law.
Vice President Vincent Siew recently urged the subsidy program be launched as soon as possible, not only to respite low-income families, but also to stimulate domestic spending.
In response, the Cabinet yesterday morning invited chiefs of local counties and cities to discuss how the subsidy program will be carried out and ways to stimulate the local economy.
Shih said the Cabinet will gradually move to honor those "checks" issued by President Ma and Vice President Siew during the presidential elections.
Meanwhile, Wang Yu-chi, spokesman of the Presidential Office, said yesterday the subsidy program isn't a kind of tax rebate or tax reduction, as proposed by the opposition Democratic Progressive Party. "Basically, it's a sort of working allowance given to those households whose members are employed at a combined annual income of less than NT$360,000," Wang said.
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[uncleyap]

Ma Ying Jiu is now cutting tax every way he can:


http://www.chinapost.com.tw/taiwan/ business/2008/09/11/174115/Gov't-to.htm



<table border="0" cellpadding="0" cellspacing="0" width="830"><tbody><tr><td valign="top" width="518">Taiwan > BusinessGov't to slash stock trading tax rate by half



The China Post news staff
Thursday, September 11, 2008






The government has decided to cut the stock trading tax rate by half, to 0.15 percent from the curr
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ent 0.3 percent for a period of six months, according to Vice Premier Paul Chiu. Chiu said this will form part of a series of measures that will be formally announced at the Cabinet meeting's conclusion today.
He said the comprehensive program, designed to prop up the economy and business activities, will cover issues of boosting consumption, encouraging investment, construction, and financial market development.
Government officials actually reached a consensus on the decision of halving the tax rate, although there were different opinions on the real effects of the move.
The measure was adopted after weighing the pros and cons as well as considering various proposals from the public, including the business and industry community, Chiu explained.
Chiu said the government had in the past lowered the stock trading tax rate with an aim of reviving the stock market and helping enterprises raise capital for business expansion.
The Cabinet will forward a proposed revision of the Statute for Securities Trading to the Legislative Yuan to reduce the tax rate as early as possible, he said.
Premier Liu Chao-shiuan led senior Cabinet officials, including Chiu and Minister of Finance Lee Sush-der to give a briefing on the measures in the economy-stimulus package to both President Ma Ying-jeou and Vice President Vincent Siew in the evening.
Stock investors have complained loudly on the steep and successive falls of Taiwan share prices that were mainly dragged down by the pressure from the sliding international stock markets.
Speculators on the market also had a role to help shoot down the prices in a bid to pressure the government to provide greater incentives or tax breaks.
The Cabinet is expected to increase the infusion of capital from the investment funds controlled by the government in case the new measures to be announced still fail to prop up share prices.
Vice Premier Chiu, himself a former finance minister, expressed the government's strong confidence in the new kickstart for the economic slowdown.
He also called for confidence from the tens of millions of hard-working people in the nation about our economic prospects.
Taiwan has been suffering an economic slowdown after the preceding, scam-ridden administration of the Democratic Progressive Party imposed restrictive measures that stifled investment and expansion of enterprises.
Cabinet officials have repeatedly urged patience from the public as they strive to get Taiwan's economic development on the right track.
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[uncleyap]

http://www.taipeitimes.com/News/front/archives/2008/09/10/2003422819

‘468’ income subsidy plan on the table
By Ko Shu-Ling And Flora Wang
STAFF REPORTER
Wednesday, Sep 10, 2008, Page 1 The Presidential Office said yesterday the government is mapping out an income subsidy program, but added that it was not a tax cut or tax refund.

Presidential Office Spokesman Wang Yu-chi (王郁琦) said the initiative corresponded to the spirit of the “468 project” proposed by President Ma Ying-jeou (馬英九) and Vice President Vincent Siew (蕭萬長) during the election campaign.

The “468 project” refers to a subsidy of NT$46,800 for a family of four whose annual income is less than NT$360,000. Ma and Siew proposed to earmark NT$25 billion (US$783 million) each year for the initiative to benefit 3.2 million families.

Wang said the proposal would help the disadvantaged, offer an incentive for people to work and stimulate public consumption. Wang, however, declined to call it a tax cut or tax refund.

“It is not a tax cut. The concept is a subsidy for a working family,” he said. “If a family does not make enough to pay any taxes, there is no such thing as a tax refund.”

Asked if the government would work toward cutting taxes or offering tax rebates, Wang said the Executive Yuan was in a better position to answer the question. Wang, however, said that other countries could afford tax rebate because they had surplus tax revenues, but this was not the case in Taiwan.

Wang made the remarks in response to media inquiries about comments made by Siew on Monday. Siew told reporters during a transit stop in Singapore on his way back from Swaziland that the administration must “offer conditional tax rebates right away” to boost public consumption.

Siew told reporters that the government could grant tax refunds or tax breaks to middle and low-income families as a measure to bridge the gap between the rich and the poor.

Siew said he and Ma proposed the “468 project” on the campaign trail and the proposal was a form of “conditional tax rebate.” It would have the same effect as tax rebate and the executive branch should put it into practice as soon as possible.

Legislators across party lines yesterday expressed support for Siew’s remarks.

Asked for comment, Chinese Nationalist Party (KMT) caucus secretary-general Chang Sho-wen (張碩文) yesterday urged the Cabinet to draw up plans to execute Siew’s proposal as soon as possible as this would benefit families with lower incomes.

Democratic Progressive Party (DPP) Legislator Tsai Huang-liang (蔡煌瑯) told a press conference yesterday that DPP legislators supported Siew’s view, and expressed the hope that Premier Liu Chao-shiuan (劉兆玄) would implement the proposal soon.

The DPP caucus on June 23 had issued a tax refund proposal that suggested the NT$58.3 billion government budget reserved to help local governments complete infrastructure projects and boost domestic demand be used to provide tax refunds to low-income households. The Cabinet opposed the proposal and the bill failed to clear the legislative floor before the legislature went into recess in July.

ADDITIONAL REPORTING BY RICH CHANG
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