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Premier approves finance minister's resignation

2012/05/30 19:46:37

Taipei, May 30 (CNA) Premier Sean Chen approved the resignation of Minister of Finance Christina Liu Wednesday, Cabinet spokesman said later that day.

Vice Finance Minister William Tseng will take over until a successor for Liu is sworn in, said Executive Yuan spokesman Hu Yu-wei.

Liu tendered her resignation in a surprise move a day earlier, citing wide differences in her proposal for a capital gains tax on stock transactions and a separate version worked out by ruling Kuomintang (KMT) legislators.

(By Hsieh Chia-chen and Kendra Lin)