Start Date
23-11-1988 12:30 PM
End Date
23-11-1988 2:30 PM
Description
In the past two years, three main issues of taxation have raised deep concern among government officials and the general public in Taiwan: 1) The 1987 revaluation. 2) The change in definition of "vacant land" . 3) The repealing of the farmland tax in 1987. The paper concludes with three recommendations: 1. Frequent and regular revaluation is fundamental to a fair system of annual taxation of land. 2. Since urban development is generally an irreversible investment, sound land policy dictates that some land be kept vacant to satisfy future needs. This means that the vacant land tax must be implemented wisely or premature development will result in underuse of potentially valuable land needed for future development. 3. Assistance to the agricultural sector would better be achieved by grants from the central government than by tax relief at the local level.
Publication Date
November 1988
Recommended Citation
Lin, Robert Sen Tyan PhD, "Recent issues and development of land taxation in Taiwan" (1988). International Research Symposium. 2.
https://researchexchange.iaao.org/irs/irs88/sessions/2
Recent issues and development of land taxation in Taiwan
In the past two years, three main issues of taxation have raised deep concern among government officials and the general public in Taiwan: 1) The 1987 revaluation. 2) The change in definition of "vacant land" . 3) The repealing of the farmland tax in 1987. The paper concludes with three recommendations: 1. Frequent and regular revaluation is fundamental to a fair system of annual taxation of land. 2. Since urban development is generally an irreversible investment, sound land policy dictates that some land be kept vacant to satisfy future needs. This means that the vacant land tax must be implemented wisely or premature development will result in underuse of potentially valuable land needed for future development. 3. Assistance to the agricultural sector would better be achieved by grants from the central government than by tax relief at the local level.