Tax reform proposals outlined by new tax administration

With the impending expiry of the Statute for Industrial Upgrading on 31 December 2009, the new tax administration has revealed its tax reform plans which include reducing the business income tax rate, and enhancing the special allowances for salaried workers, disabled individuals and education in the consolidated personal income tax. A tax reform committee will be formed of more than 20 individuals drawn from government, the business community, grassroots organizations, and academia. The committ…