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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


The Taiwan Society holds a press conference in Taipei yesterday to launch a book about the cross-strait service trade agreement.
Photo: Wang Min-wei, Taipei Times

The cross-strait service trade agreement is part of President Ma Ying-jeou’s (馬英九) “triangle policy” toward eventual unification with China and should not have been signed, a pro-independence advocacy group said yesterday.

“We believe that the agreement, along with the ‘one China’ principle, and a meeting between Ma and Chinese President Xi Jinping (習近平), form a triangle policy of Ma’s goal of eventual unification,” former presidential advisor Huang Tien-ling (黃天麟) wrote in a booklet published by the Taiwan Society.