Breaking News, World News and Taiwan News.

Ma gives nod to free economic pilot zone

TAIPEI, Taiwan -- President Ma Ying-jeou yesterday approved the Executive Yuan's plan for Taiwan's forthcoming free economic pilot zone and instructed the Cabinet to form a task force to promote the plan and inform the public.

The program is designed to bridge gaps hampering international commerce in hopes of connecting Taiwan's economy with markets worldwide.

Following numerous briefing sessions and conferences across various governing bodies, the president yesterday gave his consent for the program to commence at an expedited pace.

A Presidential Office spokesperson stated that the program must be implemented for Taiwan to weather the current persistent economic slump. Through deregulation and the opening of markets, Taiwan stands to benefit from increased wage levels and more gainful employment. The program will also accelerate the reaching of conditions required to participate in regional free trade accords while stimulating economic growth by facilitating increased consumer spending domestically.

President Ma stated that he backs the initiative fully, and hopes to see Executive Yuan approval before the end of this year. Ma also emphasized the importance of informing the public and the industries of Taiwan of the importance and purpose of the program, while advising the creation of a task force to devise informational campaigns.

December 18, 2013    kyleyang921@
So I'll get NT24,000/mo real salary, and
my boss will claim me as NT48,000/mo nominally. :-(
Cause half of nominal salary will be taxed in the Pilot Zone, and
NT48000 (最低專業) is the nominal pay for white collars.

I wish to pay income tax and get Health Insurance (健保).
Since it's cheap to live in Taichung.

I heard that 僑生最低專業 only asks NT37,000/mo, isn't it? ︿ ︿ 
I don't mind getting US$600/mo with college degree.
December 23, 2013    taipeir2001@
There wasn't one number in this. Surely they could put something clear together like a 12% tax rate in the zone or a 10% income tax rate in the zone.

Also I don't see any real foreign investment coming into these zones, they look like they will just reduce the tax base of Taiwan further as Taiwanese companies will just concentrate their planned investments in these zones instead, hire more labourers from SE Asia, and therefore local workers won't benefit either.

What the hell is Ma doing?
Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search