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.
The Thai government on Friday announced that Taiwanese would be allowed to stay in the country for up to 60 days per entry, under the Southeast Asian country’s visa-free program starting from today. Taiwan is among 93 countries included in the Thai visa-waiver program, which has been expanded from 57 countries, with the visa-exempt entry extended from 30 to 60 days. After taking office last year, Thai Prime Minister Srettha Thavisin has vowed to grant more visa waivers to foreign travelers as part of efforts to stimulate tourism. The expanded visa-waiver program was on Friday signed by Thai Minister of the Interior Anutin
BAIL APPEALS: The former vice premier was ordered to be held incommunicado despite twice being granted bail and paying a total of NT$12 million in bond The Taoyuan District Court yesterday ordered the detention of former vice premier Cheng Wen-tsan (鄭文燦), who is being investigated for alleged corruption while serving as Taoyuan mayor from December 2014 to December 2022, and that he be held incommunicado. The court made the ruling during a bail hearing after prosecutors appealed its bail ruling twice. Cheng on Saturday was released after posting bail of NT$5 million (US$153,818). However, after prosecutors lodged an appeal, the High Court on Monday revoked the original ruling and ordered the Taoyuan District Court to hold another bail hearing. On Tuesday, the district court granted bail to Cheng a second
PEACE AND SECURITY: China’s military ambitions present ‘the greatest strategic challenge to Japan and the world, Japan’s annual defense white paper said yesterday Japan yesterday warned that China risked escalating tensions with Taiwan with an increase in military exercises that appeared aimed in part at readying Beijing’s forces for a possible invasion. Japan’s annual assessment of security threats, including those posed by China, North Korea and Russia, comes as Taiwan closely monitors Chinese People’s Liberation Army air and sea exercises, including one with the Shandong aircraft carrier in the Pacific Ocean. The drills are the latest in a series including maneuvers in the Taiwan Strait last year that a senior US general said would be key to any invasion. “Because of that increase in military activity,
SECURITY CONCERNS: An FBI agent said it was surprising that the shooter, whose motive remains unknown, was able to open fire before the Secret Service killed him On the heels of an apparent attempt to kill him, former US president Donald Trump yesterday called for unity and resilience as shocked leaders across the political divide recoiled from the shooting that left him injured, but “fine,” and the shooter and a rally-goer dead. The presumptive Republican presidential nominee said the upper part of his right ear was pierced in the shooting His aides said he was in “great spirits” and doing well. “I knew immediately that something was wrong in that I heard a whizzing sound, shots, and immediately felt the bullet ripping through the skin. Much bleeding took place,” he