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3 years ago
Taiwan says to release tax proposal to tackle rising debt
February 24, 2014 / 12:55 AM / 3 years ago

Taiwan says to release tax proposal to tackle rising debt

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TAIPEI, Feb 24 (Reuters) - Taiwan's finance ministry said on Monday it will announce a tax proposal that will re-evaluate tax paid by financial institutions.

Domestic media reported the proposal would include raising the income tax paid by financial institutions to five percent from 2 percent.

The measure was aimed at tackling rising debt in Taiwan.

Reporting by Faith Hung and Jeanny Kao; Editing by Paul Tait

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