DPP Pushes for Increase in Defense Spending Using Extra Tax Revenue, as KMT Calls for Cash Handouts
Taiwan reported record-high tax revenue for 2024, with 3.73 trillion NT in taxes collected. This is a larger windfall than expected, in that there were 497.2 billion NT more in taxes than budgeted for by the government. The extra revenue is due to strong exports, as well as stock gains because of market enthusiasm about artificial intelligence...