Skip to comments.Terry Gou says finance policy 'out of touch' (Taiwan)
Posted on 06/28/2013 1:30:23 AM PDT by TexGrill
TAIPEI, Taiwan -- Tycoon Terry Gou yesterday said that Taiwan's finance policies enacted in the last decade are extremely out of touch, describing those finance ministers with diplomas from fancy U.S. business schools as living on another planet.
Gou, the chairman of Hon Hai Precision, the world's largest contract electronics maker, was speaking at the company's annual general shareholders' meeting.
Asked after the meeting about the annulment of the stock gains tax from transactions, Gou gave some candid comments about the financial policies promulgated by Taiwan over the past decade, ranging from earlier stock bonus taxes to the recent stock gains tax.
He called the stock gains tax a theater of absurdity, saying that the government knew in the first place that (the tax) was not going to work.
(Excerpt) Read more at chinapost.com.tw ...
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