Taiwan's top official in charge of environmental protection said yesterday that he supports a plan by the Yunlin County magistrate to impose "green taxes" on major industrial factories located in Yunlin as they are major sources of air pollution in the south-central county.
Environmental Protection Administration (EPA) Minister Chang Kow-lung (張國龍) said during an interpellation session at the Legislative Yuan that he is determined to support the implementation of green taxes, or eco-taxes, in Yunlin County, even if it means he loses his job as a result of policy controversies between the EPA and the Ministry of Finance.
Yunlin County Comissioner Su Chih-fen (蘇治芬) has reportedly been planning to allow the Yunlin County government to impose green taxes on large industrial factories in the county, including a naphtha cracking plant owned by the Formosa Plastics Group (
A group of legislators from across the political spectrum also threw their support behind Su's idea.
Yin Ling-ying (尹伶瑛), an opposition Taiwan Solidarity Union (TSU) legislator representing Yunlin, said green taxes are "taxes of justice" and it is right that industries should pay for the pollution they produce. If polluting factories operating in Yunlin are required to pay "taxes of justice," the revenue generated can be used to beef up infrastructure development in the county, Yin said.
Under the existing taxation system, however, Yunlin County receives only a mere NT$200 million (US$6.15 million) in subsidies annually from the central government, which levies an average of NT$23.6 billion (US$726 million) in tax on the Formosa Plastics Group each year, Su said.
Su added that it is pitifully unfair that Yunlin County receives the second-smallest appropriation from the central government among all cities and counties around the country while playing host to an array of major polluters, resulting in continuous deterioration in the environment without having enough budget to spend on improving local development.
Chinese Nationalist Party (KMT) legislators Hsu Shu-po (許舒博), Chang Shuo-wen (張碩文) and independent Legislator Chang Li-shan (張麗善) asked the Ministry of Economic Affairs to convene supra-ministerial meetings to build up clear and workable measures to save Yunlin County from the quagmire in which the county suffers from environmental pollution and damage but receives little in return from the industries.
Responding to the legislators, Minister of Economic Affairs Morgan Hwang (黃營杉) said he would call on Su in person shortly to gain a better understanding of Su's plans before consulting the finance ministry over the issue.
Huang promised that the Ministry of Economic Affairs will assess the taxation proposal thoroughly, taking overall national interests and local needs into consideration.
The popular Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) arbitrage trade might soon see a change in dynamics that could affect the trading of the US listing versus the local one. And for anyone who wants to monetize the elevated premium, Goldman Sachs Group Inc highlights potential trades. A note from the bank’s sales desk published on Friday said that demand for TSMC’s Taipei-traded stock could rise as Taiwan’s regulator is considering an amendment to local exchange-traded funds’ (ETFs) ownership. The changes, which could come in the first half of this year, could push up the current 30 percent single-stock weight limit
EARLY TALKS: Measures under consideration include convincing allies to match US curbs, further restricting exports of AI chips or GPUs, and blocking Chinese investments US President Donald Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under former US president Joe Biden to limit Beijing’s technological prowess. Trump officials recently met with their Japanese and Dutch counterparts about restricting Tokyo Electron Ltd and ASML Holding NV engineers from maintaining semiconductor gear in China, people familiar with the matter said. The aim, which was also a priority for Biden, is to see key allies match China curbs the US
‘SACRED MOUNTAIN’: The chipmaker can form joint ventures abroad, except in China, but like other firms, it needs government approval for large investments Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) needs government permission for any overseas joint ventures (JVs), but there are no restrictions on making the most advanced chips overseas other than for China, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. US media have said that TSMC, the world’s largest contract chipmaker and a major supplier to companies such as Apple Inc and Nvidia Corp, has been in talks for a stake in Intel Corp. Neither company has confirmed the talks, but US President Donald Trump has accused Taiwan of taking away the US’ semiconductor business and said he wants the industry back
Teleperformance SE, the largest call-center operator in the world, is rolling out an artificial intelligence (AI) system that softens English-speaking Indian workers’ accents in real time in a move the company claims would make them more understandable. The technology, called accent translation, coupled with background noise cancelation, is being deployed in call centers in India, where workers provide customer support to some of Teleperformance’s international clients. The company provides outsourced customer support and content moderation to global companies including Apple Inc, ByteDance Ltd’s (字節跳動) TikTok and Samsung Electronics Co Ltd. “When you have an Indian agent on the line, sometimes it’s hard