Cabinet approves draft amendment to close housing tax loophole

The Executive Yuan on Thursday approved a draft amendment to the House Tax Act to clamp down on the practice of registering multiple addresses at the same home -- thus splitting its value between multiple properties -- in order to claim tax exemption for low-cost housing.

(Full text of the story is now in CNA English news archive. To view the full story, you will need to be a subscribed member of the CNA archive. To subscribe, please read here.)