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Prosecutors indict 22 in former first family case

Prosecutors yesterday issued indictments against 22 people, including former president Chen Shui-bian (陳水扁), for money laundering, taking bribes or helping the former first family hide and launder money.

The Supreme Prosecutors’ Office’s Special Investigation Panel (SIP) yesterday announced the fourth round of indictments to be served to members of the former first family and high-profile businesspeople.

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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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Newsflash


National Taiwan University professor Kao Cheng-yan, right, speaks at a forum on the deregulation of the energy industry yesterday.

The liberalization of the energy industry is a likely solution to the nation’s current disputes over nuclear energy, the root cause of which lies in the sector’s monopolization by state-owned Taiwan Power Co (Taipower), academics said yesterday.

The administration of President Ma Ying-jeou (馬英九) is insisting on raising electricity prices and ensuring the commercial operation of the Fourth Nuclear Power Plant in New Taipei City’s (新北市) Gongliao District (貢寮) “to make up for Taipower’s losses,” National Taipei University economics professor Wang To-far (王塗發) told a seminar.