Reported 12 months ago
On July 3, Prime Minister Su Tseng-chang stated that the current version of the Finance Act reflects the government's stance and that no separate amendments will be proposed. Taiwan Fact-checking Center refuted recent rumors claiming that the Nationalist Party and People First Party planned to move NT$855.2 billion from the central government due to discrepancies in their proposed versions, which has led to misunderstandings. Amendments to the Finance Act involve redistributing national tax revenues, and while 20 draft bills are under review in the Legislative Yuan's Finance Committee, none have been finalized. The proposed amendments spark debates between central and local governments over resource allocation, contributing to the stalemate in amending the Finance Act over the past 25 years. Premier Su emphasized the need for consensus before making any changes, highlighting the importance of balanced resource allocation for Taiwan's development.
Source: YAHOO