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* Executive Yuan Inaugurates Tax Reform Committee
The Tax Reform Committee of the Executive Yuan was formally established on June 30, 2008, with Vice Premier Paul Chiu named as convenor. The committee will carry out an in-depth review and study of the current tax system and tax reform issues within one year with the aim of establishing a fair and reasonable taxation environment that can effectively promote economic development.
The committee will focus on three key areas of reform: increasing of efficiency, broadening of the tax base, and simplification of tax administration. The preliminary plan calls for it to address 17 issues, with the simplification of tax administration encompassing the consolidated income tax, profit-seeking-enterprise income tax, business tax, reduction of litigation, and protection of taxpayer rights. The effort to increase efficiency and broaden the tax base includes a review of the tax system upon expiration of the Statute for Upgrading Industries, the amount of consolidated income tax exemptions and deductions, and business tax adjustments, as well as the elimination of the tax exemption for civil servants, military personnel, and educators; reduction of the inheritance tax, land tax, and house tax; research into taxes on insurance, in special economic zones, earned income tax subsidies, and avoidance of income tax evasion; and the imposition of energy taxes and tonnage taxes.
The committee will focus on three key areas of reform: increasing of efficiency, broadening of the tax base, and simplification of tax administration. The preliminary plan calls for it to address 17 issues, with the simplification of tax administration encompassing the consolidated income tax, profit-seeking-enterprise income tax, business tax, reduction of litigation, and protection of taxpayer rights. The increasing of efficiency and broadening of the tax base include review of the tax system upon expiration of the Statute for Upgrading Industries, the amount of consolidated income tax exemptions and deductions, adjustment of the business tax, and elimination of the tax exemption for civil servants, military personnel, and educators; reduction of the inheritance tax, land tax, and house tax; research into taxes on insurance, in special economic zones, earned income tax subsidies, and avoidance of income tax evasion; and the imposition of energy taxes and tonnage taxes.
The Tax Reform Committee is committed to competing methods for the simplification of filing procedures for the business tax, consolidated income tax, and profit-seeking-enterprise income tax, as well as the reduction of litigation, within three months. Such readjustments of the tax system as the expiration of the Statute for Upgrading Industries, which is of great concern to everybody, involve the overall reform of accompanying measures for the business income tax and consolidated income tax (lowering of the consolidated income tax deduction and the resumption of taxes on the salaries of military personnel and educators), and are expected to be completed in six months at the earliest.
 
 The issue date:2008-08-11  
     
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