Democratic Taiwan has edge in supply chain reshuffle: Su
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Source: taipeitimes.com
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Taiwan's tax system gives boost to wealthy
Under the “ability to pay” principle, having rich people pay more taxes is the basis of a fair tax system. However, in Taiwan, the tax system often helps high-income earners pay less taxes, which is essentially “robbing the poor to give to the wealthy.” For those whose net consolidated annual income was higher than NT$10 million (US$333,890) from 2015 to 2019, the average amount of their “itemized deduction” was as high as NT$1.4 million, much higher than that of other tax brackets, the National Audit Office’s audit report on the financial statements of the central government sho...
Source: taipeitimes.com