Taiwan

The capital gains tax saga presently unfolding continues to undermine the government and President Ma Ying-jeou's bid to consolidate support following Ma's reappointment to a second term. Just five months into the job, ex-Finance Minister Christina Liu resigned from her position, citing ideological differences with regards to the capital gains tax proposal. The tax issue exposes the fact that a vacuum exists between Ma and his cabinet, and the legislature. Until we begin to witness Ma and his team consolidate their power within the government, we highlight that the policymaking process going forward may be challenged.

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