Taoyuan Nights

Summary: Things continue to deteriorate. The government continues to claim it can’t be happening.
Taiwan’s jobless rate hits record high. Yes, despite the government spending an absolute bloody fortune employing hundreds of thousands of people to pick up dog turds and trap mosquitoes, unemployment continues to rise. No doubt there are plenty of entrepreneurial Taiwanese [...]

I previously commented about Taiwan’s tax take; suggesting it is likely to plummet while expenditure rockets.
The numbers are in: almost a 20% fall in tax received between January and May this year. This is despite stimulus spending that should have increased short-term taxable corporate income. Intriguingly, the article mentions that this kind of ‘tax shock’ [...]