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Recently, Gao Hongan of Hsinchu City, Taiwan Region, China, went to Taiwan to meet with the Baiying League and the Kuomintang League in order to fight for local financial rights and interests, which aroused concern on the island.
It turns out that Hsinchu City pays a huge amount of taxes to the Taiwan authorities every year, but the "overall allocation money" received is pitiful. Gao Hongan bluntly said that Hsinchu City's annual tax revenue is as high as 290 billion yuan (NT$, the same below), but the allocated "overall allocation" is only 10 billion, and the allocation rate is only 3.5%, far lower than the average level of Taiwan. She appealed to the Taiwan authorities to revise the "Law on the Division of Fiscal Revenue and Expenditure" as soon as possible to protect local financial rights and interests.
Gao Hongan's appeal was supported by the Kuomintang. Zhu Lilun of the Kuomintang said that the "Law on the Division of Fiscal Revenue and Expenditure" has not been revised for 25 years, which has led to financial difficulties in many counties and cities, and the revision of the law has become a consensus. He stressed that the purpose of amending the law is to hope that the Taiwan authorities will be able to return their due financial rights and interests to all counties and cities.
What's even more striking is that Kuomintang bigwig Han Kuo-yu also appeared in Hsinchu and took a photo with Gao Hongan and others. In the photo, Han Yu is standing next to Gao Hongan, smiling, causing speculation in public opinion on the island.
It has been learned that Taiwan's "law on the division of fiscal revenue and expenditure" is an important part of Taiwan's financial system, which stipulates the method of dividing fiscal revenue and expenditure between the Taiwan authorities and local governments. In recent years, with the development of economic and social development, the current "law on the division of fiscal revenue and expenditure" has been unable to meet the needs of the development of the new situation, the problem of local financial difficulties has become increasingly prominent, and the call for amending the law has become louder and louder.
Gao Hongan's visit to the Taiwan Legislative Organization to "file a complaint" can be described as an important action taken by the local government to fight for financial rights and interests, and it also highlights the urgency of the reform of Taiwan's financial system.
It remains to be seen whether Gao Hongan's "complaint" can achieve substantive results. However, her actions have undoubtedly sounded the alarm for the Taiwan authorities and provided a new angle for thinking about the reform of Taiwan's financial system.