My mother recently brought up a question which took my attention and I like to forward to this forum here. I am sorry if “that” has been discussed here before, but anyway …
How come Taiwan seems to be a very rich country, which (as I heard/read somewhere before) has actually stored the world´s highest gold-reserves.
The tax rate for the working force is incredible low. I have no idea about the cooperate-tax, only can imagine it is the same low.
So where are all the government funding actually is coming from ?
And yes, I know the current in power DPP wants to cut (or already has done it) pensions, which indeed are/were way to generous for many of the older local taiwanese population. #
Nevertheless, the key question remains, how come TW is such a rich country (keep in mind no oil/gas fields nor much treasures down the ground as well) ???