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Premier emphasizes need for economic, social transformation

Premier emphasizes need for economic, social transformation

Taipei, Feb. 24 (CNA) Premier Mao Chi-kuo said Tuesday the nation needs to launch a series of economic, social and policy contemplation transformation projects to build "a new Taiwan." In terms of economic transformation, the government should combine the strengths of various generations of people to establish a platform linking the digital and brick-and-mortar worlds, Mao said in his written policy report to the Legislative Yuan. The government should also ease regulatory restrictions to forge an environment favorable to innovation and entrepreneurship, with the goal of helping young people find their way to the future and creating opportunities for businesses, he said. On social transformation, the premier said the government will try to narrow Taiwan's widening wealth gap by pushing tax reform that requires home sellers to pay a capital gains tax based on the actual amount they earn from selling their property rather than on the property value assessed by the government. In terms of shaping policy, the government should adopt a new way of thinking, put itself in the people's shoes and solve problems with a pragmatic attitude, he said. (By Tai Ya-chen and Y.F. Low)


Updated : 2021-09-19 22:29 GMT+08:00