This week the focus was on the asset bill directed at the KMT. The bill has solid support: yet another poll came out showing public support for the recent passage of the KMT assets bill: 53.9% say that it is an important step in transitional justice. Solidarity translated the recent TISR poll on it, noting that 61% support the bill and only 11% believe the KMT's story on its assets. The public is on board with the idea of KMT assets being transferred to the state as a form of transitional justice...
The legislature approved the law on Monday. The Taipei Times reported:
The legislature yesterday passed legislation governing ill-gotten political party assets, which states that all properties obtained by political parties after 1945 — not including party membership fees and political donations — are to be considered illegal and must be returned to the state.Several pieces of interesting information here. First, the KMT has a year to do the accounting. Lots of stuff will disappear -- I hear interesting stories from my friends in the financial community about seedy attempts to sluff off these assets. Second, the law does have language allowing for seizure of assets if they have been offloaded. Third, only 31 legislators voted against the legislation from the KMT, which has 35. This means that four legislators defied their party. The KMT wants to send the bill for constitutional review -- the courts are packed with KMTers from the previous Ma Administration -- but it needs 38 votes -- 1/3 of the legislature. It is now attempting to find votes from other parties.
The act states that all assets of a political party are considered frozen the moment the act is promulgated, with violators facing a jail term of up to five years. Any attempt to avoid, deny or obstruct investigations into party assets could lead to a fine of between NT$100,000 and NT$500,000.
The legislature also voted to approve a key provision of the act that stipulates that assets obtained since Aug. 15, 1945, would be subject to the proposed law.
The DPP moved to amend the official name of the draft from the “act on handling ill-gotten party assets” (不當黨產處理條例草案) to the approved version to include assets held by the KMT’s affiliate organizations, such as the China Youth Corps and the National Women’s League of the Republic of China, as the funding of these organizations has always been included in the party’s fiscal budget.
Ralph Jennings, the Taipei-based journalist, who manages to be both cynical and centrist at the same time, had a really great comment on the assets bill in our ICRT radio broadcast of the other day. He pointed out that the KMT will likely tie up all these asset seizures in court for years to come. That to me suggests the ultimate solution may well be a massive settlement. But that's years off...
This tale is only beginning...
- HEY: the DPP Administration is doing away with the ROC Yearbook. Wrong move. If you know someone inside MOFA or the EY, please tell them that the Yearbook is an important source of information and the Tsai Administration can shape what is presented to its political ends. Tell them to change the name to Taiwan Yearbook, too!
- Bad press for Taiwan in Canada
- Scientology on the rise in Taiwan?
- The beautiful and informative blog Synapticism visits Fushui village
- Lovely pics from Josh Ellis of Shifen Waterfall
- Sexual subjects on the move across the Taiwan Strait
- Vietnam says 200,000 affected by Taiwan steel firm pollution
- Tsai approval down
- GDP limps up slightly for first time in three quarters
- Taiwan and Japan in spy satellite sharing
- Latest on the bus driver murder-suicide of 26: he was convicted of sexual assault and owed big bucks to the victim. This is another failure of that stupid system whereby people convicted of crimes are out on the street with the change for revenge or escape for weeks before being jailed. Can we get that reformed?
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