Business groups accused of using trusts to avoid taxes
Two legislators yesterday accused five business groups of using charitable trusts to avoid taxes, spending less than 1 percent of their trust assets on charity work. The five are Formosa Plastics Group, Hontai Construction, HTC Corp, Chi Mei Group and Hermes-Epitek Corp, the parent of Hermes Microvision Inc, Democratic Progressive Party Legislator Kao Chia-yu (高嘉瑜), New Power Party (NPP) Legislator Chiu Hsien-chih (邱顯智) and independent journalist Yao Hui-chen (姚惠珍) told a news conference at the Legislative Yuan in Taipei. From 1996 to 2020, 258 charitable trusts, with a marke...
Source: taipeitimes.com