Reported 8 months ago
Since the amendment of the Average Land Right Act took effect a year ago, Taiwan has seen a total of 18 cases resulting in fines for illegal property flipping, however, Taipei and New Taipei City have not imposed any fines yet despite receiving 41 related complaints. Both cities cite insufficient evidence provided by whistleblowers as the main reason for the lack of fines. The amendment allows for fines up to NT$50 million and rewards whistleblowers with up to 30% of the collected fine, capped at NT$10 million, but difficulties in gathering concrete evidence and the necessary real-name registration process have hindered successful cases in the two cities.
Source: YAHOO