Taipei, Oct. 5 (CNA) The Legislative Yuan completed Thursday a preliminary review of part of a political parties bill, which if passed would forbid political parties from operating or investing in commercial, media or communication businesses directly or indirectly.
Legislators differed on whether political parties should be allowed to own real estate and decided to defer the issue for further discussion.
Taiwan Solidarity Union Legislator David Huang argued that if political parties are allowed to own real estate, this will open the door to real estate investment for profit.
Huang accused the opposition Kuomintang (KMT) of attempting to sell all its assets before the passage of the bill, claiming that the KMT has made profits worth NT$20.5 billion from asset sales under the leadership of the current party chairman, Ma Ying-jeou, and has made another NT$565 million from selling its shares in Singfor Life Insurance Co. this month.
Disagreeing with Huang, KMT Legislator Ting Shou-chung said it is unreasonable to prohibit political parties from owning real estate even for use as their offices.
(By Y.F. Low) ENDITEM/Li

Updated : 2021-04-17 16:33 GMT+08:00