Taiwan's Kuomintang Seeks to Hide its A…

Taiwan’s ruling Kuomintang is pushing for new legislation that critics say will effectively make it more difficult to trace the huge ill-gotten wealth of what is often referred to as the world's richest political party. Under the terms of the legislation, now before the Legislative Yuan, the country’s political parties would be prohibited from running or investing in profit-making businesses. Ownership of the shares in such enterprises would be required to be transferred or sold off within a grace period, all of which sounds like a major political reform.

Read →

Comments on this post are for paying subscribers