Taipei, May 18, 2012 (CENS)--Taiwan's securities trading tax revenues tumbled by 23% or NT$1.7 billion (US$56.67 million) from a month earlier to NT$5.7 billion (US$190 million) in April due mainly to fears generated by the recent proposal to levy such tax.
April's daily securities trade value averaged NT$75.8 billion (US$2.53 billion), sharply down NT$24 billion (US$800 million) from the corresponding NT$99.8 billion 3.33 billon) of a month earlier.
The real tax revenues collected in the same month totaled NT$90.6 billion (US$3.02 billion) for a slight annual drop of 0.5% with customs tax revenues and securities trading tax revenues both falling.
In the first four months the real tax revenues totaled NT$398.3 billion (US$13.28 billion), down by 0.7% or NT$2.8 billion (US$93.33 million) from the corresponding figure of last year to meet 21.9% of the full-year goal.
In the same period the securities trading tax revenues plummeted an annual NT$5.5 billion (US$183.33 million) or 16.6% to NT$27.7 billion (US$923.33 million), with customs tax revenues down by 3.7% or NT$1.1 billion (US$36.67 million) to NT$29.1 billion (US$970 million) due to shrinking imports of chemicals, machinery, and electric machinery & related equipment.
(by Judy Li)