Reported about 1 year ago
On June 13, 2024, legislator Zheng Zhengqian held a press conference pointing out that Hsinchu City has the highest per capita tax revenue in the country but receives the lowest rates of integrated distribution and general subsidies, calling this allocation method unfair exploitation and criticizing the central government for mistreating Hsinchu City. He urged for a revision of the fiscal allocation law to consider local tax contributions, proposed a new 'income tax refund mechanism' for reallocation based on reported income ratios by each city and county, and emphasized the need for a balance in financial relations between central and local governments to ensure adequate financial resources for public services and infrastructure.
Source: YAHOO