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Experts divided over housing and land bill

Experts divided over housing and land bill
Staff writer, with CNA
Large property developers and experts on Thursday expressed divergent opinions over a draft amendment that the Executive Yuan approved earlier in the day with the goal of reining in real-estate speculation.
The Cabinet approved a draft amendment to the Income Tax Act (所得稅法) that would adjust the “integrated house and land sales tax” so that properties sold within certain periods after purchase would be taxed more.
Private individuals and institutions would face a 45 percent tax on property transaction gains on homes or land sold within two years of purchase an extension from the current one year, while a 35 percent tax would be imposed on those who sell homes or land within two to five years of purchase, says the proposed amendment, which is to be submitted to the Legislative Yuan for review. ....

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Philippines and China Both Taking Big Risks with 'Vaccine Diplomacy'

With more than 65,000 alumni and associates around the world, the East-West Center has one of the largest networks of professionals working to advance international cooperation and understanding between the East and West. As part of that network, you can receive advice and support from associates throughout the region. As an alumni/associate you may join any one of the nearly 50 EWC alumni chapters in Asia, the Pacific and the U.S. While traveling, you can also contact local chapters for assistance in making contacts with colleagues and friends. ....

East West Wire , Jason Hung , கிழக்கு மேற்கு கம்பி , ஜேசன் தொங்கவிடப்பட்டது ,

Indonesia's Sinovac rollout sets high stakes for China's vaccine diplomacy

6 February 2021
Author: Jason Hung, Cambridge University
Indonesia’s mass procurement of Chinese vaccines hints that Beijing and Jakarta may use the public health crisis to strengthen ties. Indonesia’s vaccine rollout will have critical consequences for its intensifying economic and health crisis, and for China’s global reputation.
Indonesia has recorded the highest number of COVID-19 cases in Southeast Asia with over 1.1 million infections and a death toll over 30,000 people.
Indonesia is also the primary importer of Chinese vaccines. It received 1.2 million doses of the Sinovac vaccine on 6 December 2020. In total the country has ordered 50 million doses of Sinovac and 60 million doses of China’s Sinopharm vaccine. ....

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