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TAIWAN COMMITTEE LAUNCHED TO DEVELOP MORE EQUITABLE TAX SYSTEM.
TAIPEI, July 1 Asia Pulse - The government's tax reform committee will will aim to formulate a system that is fair, highly efficient, simple and can enhance the global competitiveness of local companies, Premier Liu Chao-shiuan said Monday during the launch of the committee.
After the launch, the committee held its first meeting, which was chaired by Vice-Premier Chiu Cheng-hsiung. It was attended by lawmakers, Minister of Finance Li Shuh-der and other high-ranking financial officials.
Addressing the meeting, Liu said that reform of the current tax system to develop a more equitable and logical one will allow for better utilization of Taiwan's high-quality human resources as part of the effort to achieve economic growth in the face of globalization and competition from emerging economies.
"The establishment of the committee is the realization of President Ma Ying-jeou's pledge to build a tax system that is equitable, highly efficient, simple, and boosts the global competitiveness of local industries," the premier said.
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