Taipei, May 31 (CNA) Premier Sean Chen has named former Deputy Finance Minister Chang Sheng-ford as the new head of the Ministry of Finance, Cabinet spokesman Hu Yu-wei said Thursday.
The appointment is pending approval by President Ma Ying-jeou, Hu said at a news conference.
The new appointment came two days after Christina Liu resigned as finance minister over wide differences between her proposal for a capital gains tax on stock transactions and a separate version worked out by ruling Kuomintang legislators.
The 63 year-old Chang, who has spent more than 30 years in the Finance Ministry, is an expert in tax affairs, according to a statement released by the Cabinet.
Chang, who retired as deputy finance minister in February, is currently an associate professor at Kainan University and at National Taiwan University.
(By Elaine Hou)