Taiwanese opposition lawmakers today delayed cutting a controversial capital gains tax on share sales of more than NT$1 billion ($33.3 million) and removing an index price threshold that depressed shares.
Hong Kong billionaire Jimmy Lai’s sale of his Taiwan newspaper and magazine collapsed amid protests that the NT$16 billion ($536 million) deal would silence a critical voice on China and give the buyers too much control of the island’s media.
Taiwan President Ma Ying-jeou was re-elected emphasizing his success easing tensions with China. Now comes the hard part: building on those gains in his final four-year term without diluting the island’s autonomy.
Recently in Karachi, I dropped in on a talk by the Pakistani journalist and TV anchor Kamran Khan at a Rotary Club meeting. Describing relations between India and Pakistan at a “crossroads,” Khan exhorted his audience to feel shame about Pakistani involvement in the terrorist attacks on Mumbai in 2008 that killed 164 people and have frozen India- Pakistan relations ever since.