Chinese Nationalist Party (KMT) Legislator Chang Hsien-yao (張顯耀) said yesterday that he planned to launch a proposal that would allow taxpayers to list tickets to sports events as tax deductible.
“I have used examples in the US and Europe as a reference. Tickets to sports games are deductible in other countries,” Chang told reporters.
“The regulation could help boost secondary consumption in the sports industry, which is estimated to be at least US$50 billion. This will help promote sports events in Taiwan,” he said.
In accordance with Chang’s plan, taxpayers, their spouses and their dependents would enjoy a maximum NT$10,000 sports events deductible quota per individual when reporting their income tax.
Chang’s proposal was among several tax deduction plans proposed by lawmakers and the government recently.
On March 25, KMT Legislator Lai Shyh-bao (賴士葆) of the Finance Committee proposed introducing an NT$30,000 per individual consumption deduction regulation to the Income Tax Act (所得稅法).
Lai said at the time that the nation’s tax revenue would only decrease by NT$5.8 billion (US$175,000) through his proposal.
The Council for Cultural Affairs (CCA) also proposed the idea of allowing taxpayers to deduct expenditure on tickets to art events — a maximum of NT$12,000 per person — from their annual tax reports.
The proposal was seen as an incentive to encourage the public to participate in arts events and boost the art sector.
The CCA’s plan had met with opposition from the Ministry of Finance, which said the nation’s tax revenue could drop by NT$6.5 billion should the plan be approved.
When approached for comment in Taoyuan, Executive Yuan Spokesman Su Jun-pin (蘇俊賓) emphasized the need to thoroughly consider the effect on the nation’s coffers.
“[We should consider] whether [Chang’s proposal] would really help boost the [sports] industry and whether it would deal a blow to the nation’s finances,” he said.
WANG RELEASED: A police investigation showed that an organized crime group allegedly taught their clients how to pretend to be sick during medical exams Actor Darren Wang (王大陸) and 11 others were released on bail yesterday, after being questioned for allegedly dodging compulsory military service or forging documents to help others avoid serving. Wang, 33, was catapulted into stardom for his role in the coming-of-age film Our Times (我的少女時代). Lately, he has been focusing on developing his entertainment career in China. The New Taipei District Prosecutors’ Office last month began investigating an organized crime group that is allegedly helping men dodge compulsory military service using falsified documents. Police in New Taipei City Yonghe Precinct at the end of last month arrested the main suspect,
A cat named Mikan (蜜柑) has brought in revenue of more than NT$10 million (US$305,390) for the Kaohsiung MRT last year. Mikan, born on April 4, 2020, was a stray cat before being adopted by personnel of Kaohsiung MRT’s Ciaotou Sugar Refinery Station. Mikan was named after a Japanese term for mandarin orange due to his color and because he looks like an orange when curled up. He was named “station master” of Ciaotou Sugar Refinery Station in September 2020, and has since become famous. With Kaohsiung MRT’s branding, along with the release of a set of cultural and creative products, station master Mikan
LITTORAL REGIMENTS: The US Marine Corps is transitioning to an ‘island hopping’ strategy to counterattack Beijing’s area denial strategy The US Marine Corps (USMC) has introduced new anti-drone systems to bolster air defense in the Pacific island chain amid growing Chinese military influence in the region, The Telegraph reported on Sunday. The new Marine Air Defense Integrated System (MADIS) Mk 1 is being developed to counter “the growing menace of unmanned aerial systems,” it cited the Marine Corps as saying. China has constructed a powerful defense mechanism in the Pacific Ocean west of the first island chain by deploying weapons such as rockets, submarines and anti-ship missiles — which is part of its anti-access/area denial (A2/AD) strategy against adversaries — the
Eleven people, including actor Darren Wang (王大陸), were taken into custody today for questioning regarding the evasion of compulsory military service and document forgery, the New Taipei District Prosecutors’ Office said. Eight of the people, including Wang, are suspected of evading military service, while three are suspected of forging medical documents to assist them, the report said. They are all being questioned by police and would later be transferred to the prosecutors’ office for further investigation. Three men surnamed Lee (李), Chang (張) and Lin (林) are suspected of improperly assisting conscripts in changing their military classification from “stand-by
RSS