Politics

Tax Rebate Delayed Until At Least April, Following Opposition Pushback

Political contention continues over the Tsai administration’s proposed 6,000 NT tax refund. Namely, the proposal has come under fire from opposition lawmakers. Although it was originally expected that the tax fund would be issued as early as next month or possibly in March, because of the failure of the proposed refund to clear the legislature, now the refund is not expected until April...

Legislation Aims to Deter Property Speculation

New legal changes that have cleared the legislature aims to deter speculation on property prices, at a time in which real estate has become unaffordable in Taiwan for all but the wealthy. This is particularly the case for young people, with it currently requiring one to not eat or drink for sixteen years in order to purchase real estate in Taipei. Likewise, as with many other places in the world, there are many empty housing units in Taiwan because they are held by developers or wealthy individuals hoarding properties. 11.94% of homes, consisting of 876,000 units, were empty in 2020...