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Apr 8, 2008

LY report

Yesterday, April 7, the Legislative Yuan managed to pass one amendment that will allow the Executive Yuan to personally alter the business tax on grain, corn and soy bean imports.

Pretending you don't see natural price increases doesn't seem to be a good way to go about things, but lowering taxes is obviously better than subsidizing.

This is, as far as I can tell, the first bill actually passed by the legislature this session. There are many more in line.

Full text of amendment is as follows.



第九條之一 為因應經濟特殊情況,調節物資供應,對進口小麥、大麥、玉米或黃豆應徵之營業稅,得由行政院機動調整,不受第十條規定限制。


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