TAIWAN
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Times Staff and Wire Reports
Stock Tax Overturned: The legislature, facing angry investors and falling shares, on Friday killed the bill it had passed recently to impose a 14% tax on stock market profits. The ruling Nationalists said the tax may be reimposed after the stock market pulls out of its slump. The Democratic Progressive Party accused the government of pandering to voters ahead of the March 23 presidential election. Investors had taken a beating last summer when China performed missile tests in Taiwanese waters, sending the Taipei stock market down 30%.
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