Reported 12 months ago
Taiwan FactCheck Center's report on June 28, 2024, addressed the circulating claim about the 'Financial Plan Law' amendment proposals by the KMT and MPP in Taiwan's Legislative Yuan possibly allocating 855.2 billion from the central government, clarifying that the claim is inaccurate. The different proposals by the two parties involve distinct tax distribution designs, making it impossible for both to coexist, as erroneously suggested by the claim. The background of the 'Financial Plan Law' amendment and the ongoing discussions to allocate taxes between central and local governments were also highlighted, emphasizing the necessity for reconsidering the tax redistribution formula. The claim was debunked by analysis of the proposed amendments and expert opinions at public hearings.
Source: YAHOO