Ding Yuan-chin (
Ding is the former head of the National Police Administration and previous chief of the Taipei City Police Headquarters. New Party city councilors Lee Ching-yuan (
The Inheritance and Donation Tax Law stipulates that any cash gift greater than NT$600,000 is subject to taxation.
Ding claimed on Tuesday that to buy a house in Vision City (世界山莊) worth NT$38 million, he gathered NT$6 million from his only son and borrowed NT$20 million from one of his good friends.
"For the NT$6 million, Ding should've paid 21 percent of the amount, or NT$1.2 million, as required by law," Chung said.
Fines for failing to pay the donation tax is twice the amount taxed. In other words, Ding is subject to a fine of NT$2.4 million for failing to pay the NT$1.2 million tax, Chung said.
Although Ding claimed that he borrowed NT$20 million from one of his close friends, it's a loan with zero interest and no official records indicate that he has used another apartment in Taipei's Peining Road (
Therefore, Chung said from a legal point of view, the NT$20 million should be considered as a cash gift as well.
According to the donation tax law, a 34 percent tax is levied on a gift amounting to between NT$14 million and NT$29 million. In other words, the tax for the NT$20 million donation should be NT$6.8 million.
Because fines for failing to pay the donation tax are twice the amount of the original tax, the fine for not paying the NT$6.8 million donation tax should be NT$13.6 million.
Lee also said that Ding has been lying since the news broke on July 7.
"In the beginning, he said that his daughter wired NT$7 million from abroad to help him purchase the house. Then he claimed in Tuesday's press conference that his son gave him NT$6 million," Lee said.
In addition to suspicious financial connections with Ong Da-ming (
Ding currently serves as president of the Pan-Pacific Venture Capital Corp (
Lee also pointed to irregularities with Ding's bank account.
"Overall, he had a NT$4.2 million increase after he became the head of the National Police Administration in 1997," he said.
Super Typhoon Kong-rey is the largest cyclone to impact Taiwan in 27 years, the Central Weather Administration (CWA) said today. Kong-rey’s radius of maximum wind (RMW) — the distance between the center of a cyclone and its band of strongest winds — has expanded to 320km, CWA forecaster Chang Chun-yao (張竣堯) said. The last time a typhoon of comparable strength with an RMW larger than 300km made landfall in Taiwan was Typhoon Herb in 1996, he said. Herb made landfall between Keelung and Suao (蘇澳) in Yilan County with an RMW of 350km, Chang said. The weather station in Alishan (阿里山) recorded 1.09m of
NO WORK, CLASS: President William Lai urged people in the eastern, southern and northern parts of the country to be on alert, with Typhoon Kong-rey approaching Typhoon Kong-rey is expected to make landfall on Taiwan’s east coast today, with work and classes canceled nationwide. Packing gusts of nearly 300kph, the storm yesterday intensified into a typhoon and was expected to gain even more strength before hitting Taitung County, the US Navy’s Joint Typhoon Warning Center said. The storm is forecast to cross Taiwan’s south, enter the Taiwan Strait and head toward China, the Central Weather Administration (CWA) said. The CWA labeled the storm a “strong typhoon,” the most powerful on its scale. Up to 1.2m of rainfall was expected in mountainous areas of eastern Taiwan and destructive winds are likely
The Central Weather Administration (CWA) yesterday at 5:30pm issued a sea warning for Typhoon Kong-rey as the storm drew closer to the east coast. As of 8pm yesterday, the storm was 670km southeast of Oluanpi (鵝鑾鼻) and traveling northwest at 12kph to 16kph. It was packing maximum sustained winds of 162kph and gusts of up to 198kph, the CWA said. A land warning might be issued this morning for the storm, which is expected to have the strongest impact on Taiwan from tonight to early Friday morning, the agency said. Orchid Island (Lanyu, 蘭嶼) and Green Island (綠島) canceled classes and work
KONG-REY: A woman was killed in a vehicle hit by a tree, while 205 people were injured as the storm moved across the nation and entered the Taiwan Strait Typhoon Kong-rey slammed into Taiwan yesterday as one of the biggest storms to hit the nation in decades, whipping up 10m waves, triggering floods and claiming at least one life. Kong-rey made landfall in Taitung County’s Chenggong Township (成功) at 1:40pm, the Central Weather Administration (CWA) said. The typhoon — the first in Taiwan’s history to make landfall after mid-October — was moving north-northwest at 21kph when it hit land, CWA data showed. The fast-moving storm was packing maximum sustained winds of 184kph, with gusts of up to 227kph, CWA data showed. It was the same strength as Typhoon Gaemi, which was the most
RSS