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Taiwan: Proposed Consolidation of Securities Exchanges, New Shariah Index

(Dec. 4, 2008) On October 20, 2008, the Finance Committee of Taiwan's Legislative Yuan approved going ahead with amending the Securities Exchange Act (promulgated on Apr. 30, 1968; last amended on May 30, 2006, in force on July 1, 2006). One significant step would be the revision of article 128, which restricts the conveyance of […]

Taiwan: Amendment to Gender Employment Equality Law

(Dec. 4, 2008) On November 26, 2008, Taiwan's Gender Employment Equality Law, which was originally promulgated on January 16, 2002, was amended. The amendment affects articles 38 and 38-1, the penalty provisions of the Law. A January 2008 amendment changed the title of the Law from the Two Genders' Employment Equality Law, among other revisions. […]

Taiwan: Anti-Human Trafficking Law Drafted

(Nov. 18, 2008) On November 6, 2008, Taiwan's Executive Yuan (Cabinet) approved a draft bill to combat human trafficking. In a press release, Premier Liu Chao-shuian called the bill the “first priority” of the Executive Yuan; the government plans to push for the its passage in the legislature in the near future. If passed, Liu […]

China; Taiwan: Agreements on Direct Transport, Mail, and Food Safety

(Nov. 10, 2008) On November 4, 2008, China (the People's Republic of China, or PRC) and Taiwan (also referred to as the Republic of China) signed several agreements designed to improve economic relations across the Taiwan Strait. Under these new accords, the number of direct flights between the two parties will triple to 108 each […]

Taiwan: Two-Week Ban Was Imposed on Short Selling

(Oct. 15, 2008) It was reported on October 1, 2008, that Taiwan's Financial Supervisory Commission (FSC) had imposed a ban on short selling of borrowed securities and selling on margin for two weeks, until October 14. The FSC had tightened short selling rules effective September 30, 2008 (to last until December 31, 2008), limiting the […]

Taiwan: Political Fundraising Law Amended

(Oct. 10, 2008) Taiwan's Political Fundraising Law of March 18, 2004, was extensively amended and expanded on August 13, 2008. Some highlights of the changes are as follows. The Control Yuan, the state's highest-level watchdog organization and the central government body entrusted with accepting political fundraising disclosure statements, may now entrust the election commissions of […]

Taiwan: Tax Collection Law Amended

(Sept. 10, 2008) Taiwan's Law on Tax Collection was amended on August 13, 2008. The revision adds details on the amount of tax owed that may prompt a ban on the taxpayer's leaving the country – NT1 million (roughly US$31,400) and above for an individual and NT2 million or more for a profit-seeking enterprise, and […]

Taiwan: National Defense Law Amended to Specify Overall Review

(Sept. 8, 2008) On August 6, 2008, article 31 of Taiwan's Natonal Defense Law was amended to specify that the Ministry of National Defense will publicly submit to the Legislative Yuan a “Four-Year-Period Overall Review of National Defense” within ten months after every presidential inauguration. The amendment constitutes a new paragraph 4 in article 31. […]

Taiwan: Labor Insurance Statute Amended

(Sept. 5, 2008) The Statute on Labor Insurance was significantly amended on August 13, 2008. Among other changes are the following. The new Statute divides labor insurance into the two categories and payment types of ordinary accident insurance and occupational disaster insurance. The former includes the five payment categories of life, casualty, incapacity, old age, […]

Taiwan: Sustainable Energy Plan

(July 2, 2008) On June 5, 2008, Taiwan's Executive Yuan (Cabinet) passed guidelines on policies to promote the sustainable use of energy. Under the new guidelines, the proportion of low-carbon energy used to generate power is to be increased by 2025 to 55 percent from the current 40 percent. Nuclear power is listed as an […]