萬國法律事務所

To curb the speculation in industrial lands, the financial measures will be used. In order to facilitate the use of idle industrial lands, the cross-ministerial departments will cooperate in three ways; 1) The Central Bank will reinforce credit controls on industrial lands, and the Financial Supervisory Commission (“FSC”) will promulgate the standard contract for the loan. If factory construction plan is not implemented in accordance with the loan contract, the bank should take effective measures such as adjust the credit percentage or call for repayment of loans. The financial examination of FSC will cover these items. 2) In addition, Ministry of Economic Affairs will compile an inventory list on idle lands to local tax authority, and cancel the favorable tax rate of the house tax and the land value tax. The land value tax will raise five point five times up to five point five percent. 3) The National Development Council also agrees to revise the Statute for Industrial Innovation, introducing the mechanism of compulsory buying back the idle industrial lands.