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EVA Air, union reach agreement; strike to end July 10
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Taiwan advances to LLB Junior League World Series
Ceremony held to mark exoneration of 3,062 political victims
KMT primary contenders join protest against Referendum Act
Terry Gou aims to levy NT$160 billion in taxes on wealthy
MND voices optimism on purchase of M1A2 tanks from U.S.
KMT to stage protest against iron cage Referendum Act
Chinese official says both sides of Taiwan Strait are one family
Taiwanese urged to pay more attention to plight of Uyghurs
MAC slams Taipei mayors one big family remark in Shanghai
Taipei mayor stresses family bonds at Taipei-Shanghai forum
Taipei mayor upset at newspaper for concocting fake news
Indonesian official encourages workers to save for their future
Taiwan fuel prices rolled back after three consecutive rises
Housing transactions in 6 major cities down month-on-month
Taiwans bubble milk tea makes splash in Philippines
Taiwan advances to LLB Junior League World Series
Taiwan takes bronze in mens swimming, gymnastics at Italy Universiade
Taiwans Hsieh enters round of 16 in womens doubles at Wimbledon
Taiwanese grabs gold in mens trap shooting at Italy Universiade
Japans curb on tech exports to Korea seen unlikely to profit Taiwan
NTUH introduces AI skin disease diagnostic support system
Tsai hails FormoSat-7 launch as Taiwan space technology milestone
FormoSat-7 sent into space by successful SpaceX liftoff
Childrens folklore festival kicks off in Yilan
Danish photographers time lapse video showcases Taiwan
Yilan childrens folklore festival to preview Friday with free entry
Spanish artists to perform at Taipei Childrens Arts Festival
German director wins new talent prize at Taipei Film Festival
Taiwan confirms new cases of avian flu on 3 farms
Eight areas in Taiwan under heat hazard alert
EVA Air, union reach agreement; strike to end July 10 (update)
EVA Air, union reach agreement; strike to end July 10
Taipei 101 pays tribute to deceased policeman, bookstore founder
Indonesian official encourages workers to save for…
Taiwan confirms new cases of avian flu on 3 farms
Ceremony held to mark exoneration of 3,062 politic…
KMT primary contenders join protest against Refere…
Taiwan advances to LLB Junior League World Series
EVA Air, union reach agreement; strike to end July 10 (update)
Taipei, July 6 (CNA) Terry Gou (), 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.
Gou, founder of Taiwanese manufacturing giant Hon Hai Precision Industry Co., announced his career plan change in mid-April and stepped down from the chairmanship of the worlds largest contract electronics maker June 21. Gou is among the five KMT presidential contenders.
Gou said he aims to collect taxes from the top 1,000 rich men in Taiwan in three tax brackets. He called the tax a special taxation, saying that these richest men should share more social responsibility.
As a vocal critic of the Tsai Ing-wen () administrations move to cut pensions, he envisioned that the tax on the wealthy will be the right move in pushing for social welfare.
In addition, Gou said, the low birth rate and an aging society are the most pressing threats Taiwan is faced with, and the tax on the rich is expected to serve as an ideal way to expand the governments coffers and help the country to solve these social problems.
In addition to the tax on the wealthy, Gou has promised that the government will pay for children aged 0-6 if he is elected, which is expected to boost the willingness of parents to have more babies.
Eric Chu (), former mayor of New Taipei City, who is another KMT presidential contender, said the number of those who paid personal income tax of more than NT$100 million in Taiwan last year only stood at 123.
Chu urged Gou to check the data before calculating the amount of the tax on the wealthy.
Dont kill the goose that lays the golden eggs, Chu warned of the negative effects of such a tax.
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