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Two legislators yesterday accused five business groups of using charitable trusts to avoid taxes, spending less than 1 percent of their trust assets on charity work.
The five are Formosa Plastics Group, Hontai Construction, HTC Corp, Chi Mei Group and Hermes-Epitek Corp, the parent of Hermes Microvision Inc, Democratic Progressive Party Legislator Kao Chia-yu (高嘉瑜), New Power Party (NPP) Legislator Chiu Hsien-chih (邱顯智) and independent journalist Yao Hui-chen (姚惠珍) told a news conference at the Legislative Yuan in Taipei.
From 1996 to 2020, 258 charitable trusts, with a market value of more than NT$120 billion (US$4.07 billion), were approved under the Trust
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