International Edition


May 1, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

A brief respite for President following Green Card fiasco

Taipei-based Next Magazine's weekly tabloid has given a beleaguered President Ma Ying-jeou a thankful respite. In its latest issue, the rumormonger journal printed an expose about Ma continuing to keep his American Green Card, obligating him to file a tax return in July with the Internal Revenue Service in accordance with the Foreign Account Tax Compliance Act (FATCA).

It's a bonanza for President Ma, who was hard-pressed to cope during the Sunflower student movement and is currently facing anti-China riots in Vietnam, where Taiwan has the short end of the stick. He badly needs a respite.

Inscrutably hostile Democratic Progressive Party (DPP) leaders, from Chairman Su Tseng-chang on down, took the tabloid bait and clamored for Ma's resignation. In particular, Frank Hsieh, the former DPP chairman who ran unsuccessfully against Ma in 2008 with Su as his running mate, charged that Ma won the presidency twice by fraud and has completely lost the legitimacy to rule Taiwan. Incidentally, Hsieh brought up the question of Ma's Green Card in the run-up to the presidential election of 2008. The issue was resolved in Ma's favor by a former American Institute in Taiwan representative in Taipei.

Ma rose militantly to the challenge. His spokesperson Lee Chia-fei told the press at once that President Ma would resign if he were required to file a tax return in accordance with FATCA. His Kuomintang (KMT) spokesman Chen Yi-hsin demanded that Su, Hsieh and another former DPP chairman, Yu Shye-kun, who is running for mayor of the special municipality of New Taipei, quit politics to take responsibility for falsely accusing Ma of dishonesty. They should quit, he said, if the KMT chairman is proven to have kept no permanent residence status subjecting him to the foreign account tax compliance law.

1 Comment
May 21, 2014    china@
Someone seems to have overlooked the fact that FATCA does not change the filing obligations of green card holders - they have always had to file a US tax return. FATCA will just make any bank who opens an account for a green card holder file a report with the IRS (directly or indirectly) telling them about the account holder and their assets.
Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
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  |   Terms of Use  |   Sitemap
  chinapost search