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MOF says politics did not stop tax deal

The Ministry of Finance yesterday said the breakdown of cross-strait negotiations on a tax pact on Monday was mainly the result of a dispute over levying income tax on China-based Taiwanese businesspeople according to where they reside or where they get paid.

The ministry said the breakdown was not related to sovereignty, apparently contradicting comments a day earlier by Premier Wu Den-yih (吳敦義), who said the deal was delayed because the treaty would have treated Taiwan the same as Hong Kong.

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Think tank urges US to strengthen Taiwan relations

A Washington think tank is advising US President Barack Obama to foster closer diplomatic, defense and economic relations with Taiwan to offset China’s “potentially coercive” embrace.

In an eight-page policy brief, the Center for a New American Security (CNAS) concludes that US cross-strait policy remains based on a “tangled and complex web of decades-old doctrine, law and joint statements.”

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Newsflash


Chinese Nationalist Party (KMT) caucus whip Wu Yu-sheng, front right, holds up a sign that says “against” while Democratic Progressive Party (DPP) legislators hold up signs that say the KMT is cheating the people during a legislative session in which the DPP proposed amendments to media laws.
Photo: CNA

Amendments designed to prevent media monopolization and investors from interfering in the editorial content of broadcasting corporations were put on hold yesterday after the government made a last-minute U-turn late on Thursday night, with Chinese Nationalist Party (KMT) lawmakers backtracking from their previously declared support for the amendments and voting them down.

At the plenary session yesterday, the third-last day before the legislature goes into recess on Tuesday, the Democratic Progressive Party (DPP) and Taiwan Solidarity Union pressed for the amendments to clear the legislature.