Taiwan to plough $12 bln in excess tax revenue back into economy in 2023

  • 📰 Reuters
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Taiwan will plough an extra T$380 billion ($12.43 billion) in tax revenue back into the economy in 2023 to help protect the island from global economic shocks, including subsidies for electricity prices, President Tsai Ing-wen said on Saturday.

While the export-dependent economy grew 6.45% in 2021, the fastest rate since it expanded 10.25% in 2010, it is expected to grow much more slowly in 2022 and 2023, hit by COVID-19 turmoil in China, global inflation woes and the impact of the war in Ukraine.

The estimated T$380 billion in excess tax revenues for the central government in 2022 will be spent on areas including subsidies for electricity prices, labour and health insurance and other spending to cope with the impact of global inflation and international economic challenges, the president said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Like a driver on black ice plows

that time when they fake a recording of the founder of the state, or of any company everywhere across the world in which he appears to say that he wants to 'reinvest' it all into the business to steal it all from him worldwide. themoneyconspiracy thattime followthewhiterabbit

Or they could give it directly back to the people they stole it from

Rather use it to forge stronger ties with China your neighbor. Being a US ally has tremendous risks, look at Ukraine. Join forces with your neighbors, learn from others' mistakes.

🤔🤔🤔

China be like

taiwan tooooo cheap even more like a dog

You have enough characters to spell Billion Dollars

Don’t wasted,…sooner you will be demolished from China ,..don’t waste energy 😂

Back into military

Bountiful tax revenue

Praying for Taiwan! Not easy to live peacefully with devil (CHINA) on your back!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UBS reveals its top semiconductor picks for 2023Once high-flying semiconductor stocks suffered in 2022, but UBS is betting on these names in the new year.
Source: CNBC - 🏆 12. / 72 Read more »