11.   He also proposed an increase in a financial transactions tax, and a new court system to crack down on major tax evaders.

12.   He said the government should eliminate securities transactions taxes.

13.   In June, the government set up a panel on securities transaction taxes which will release a proposal in November.

14.   In response, Finance Ministry officials said the capital gains tax will be revived to make up for tax revenue lost from a cut in the transaction tax.

15.   It is a transaction tax.

16.   It proposed cutting or freezing land taxes, abolishing the securities transaction tax, and reducing some taxes on profits generated by land transactions.

17.   Parliament Speaker Liu Sung-fan said he would hold up the newly approved tax until the body also made a decision about whether to change the transaction tax.

18.   Other industrialized nations have eliminated securities transaction taxes.

19.   Similarly James Tobin, the Nobel laureate in economics, favors a transaction tax on each trade.

20.   Taiwan stocks fell on investor concern that the government will revive the capital gains tax while lowering the transaction tax.