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Tax base needs to be broadened: vice premier

Tax base needs to be broadened: vice premier

Taipei, Dec. 29 (CNA) Vice Premier Eric Liluan Chu called for measures Tuesday to broaden Taiwan's tax base to increase tax revenues.
Chu also said the administration needs to do more to secure "social justice and fairness" by adjusting tax policies, including revoking tax exempt treatment for military personnel and teachers, imposing higher taxes on expensive properties and luxury goods, and levying a carbon tax.
"The government, however, needs to continue communicating with taxpayers over these plans, " Chu said during a meeting of the Executive Yuan's Tax Reform Committee.
The vice premier praised the efforts that have been made by the Tax Reform Committee over the past one-and-a-half years to simplify tax procedures for the people and raise the overall economic efficiency of the tax system.
He noted, however, that there is still room for the administrative team to broaden the tax base and improve social justice related to taxation.
Responding to a reporter's question on whether raising taxes will become a trend in the future, Chu said the government will not move to increase taxes at present, but will spare no efforts to make the tax system as fair as possible.
(By Lin Ye-fong and Deborah Kuo)




Updated : 2021-01-26 05:43 GMT+08:00