Taiwan MoF sees slight tax cut viable option to stimulate economy

TAIPEI (AFX-ASIA) - The Ministry of Finance said a slight, partial tax cut is a viable option to help revive the economy. 	    Minister Yen Ching-chang said in an Economic Daily News report there is no need for massive and sweeping tax reductions as the nation's tax levels are already relatively low. 	    The MoF is ready to undertake a new wave of tax reform, including readjustment of taxes on land such as the land increment tax, at the end of the year, he said. 	    The MoF will also study the viability of removing the current extra 10 pct tax on retained earnings and narrowing the gap between the business income and personal income tax rates, he added. 

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