KMT’s Terry Gou aims to levy NT$160 billion in taxes on wealthy
Taiwan’s Presidential Elections are the most talked about in the country right now. We have known that candidates from both the sides, KMT and DPP, have started their campaigns in full swing. Similarly, KMT’s Terry Gou has also started the election campaign and he has made a big announcement. Terry says that he is aiming to levy a tax of around NT$160 billion on the people who are wealthy. Terry says that this will be his target if he is elected as Taiwan’s next president.
Terry also claims that one of the richest men in Taiwan has a better understanding as to how the tax should be levied on wealthy people. He adds that “While others expect to collect only NT$8 billion to NT$15 billion in taxes on the rich, my method is expected to collect as much as NT$160 billion,”
Terry Gou defends the move to collect tax from wealthy by saying that this move would allow wealthy to shoulder a bigger burden of social welfare costs. Terry Gou, who is the founder of largest contract electronics makers in the world, Taiwanese manufacturing giant Hon Hai Precision Industry announced earlier this year that he is stepping down from chairmanship and has decided to change his career.
Terry says that this tax is “special taxation,” saying that “these richest men should share more social responsibility.” as he aims to collect these taxes from the Top 1000 richest men and women in Taiwan and says that this will be in three tax brackets. Gou also promised that the government will pay for children aged 0-6 if he is elected as Taiwan’s President and he believes that this move will encourage people to have more babies.
Earlier, Terry Gou said that the biggest threats at the moment are aging society and low birth rate and putting a tax on wealthy will help government fill its coffers and solve the social problems in the country.