Taiwan Premier Accepts Finance Minister’s Resignation

Taiwan Premier Sean Chen accepted the resignation of Finance Minister Christina Liu, Cabinet spokesman Hu Yu-wei said by phone today.

Liu on May 29 announced her resignation after disagreeing with legislators from the ruling Kuomintang party over a proposed capital gains tax.

The Cabinet names deputy finance minister Tseng Ming-chung as acting Finance Minister, it said in an e-mailed statement today.

To contact the reporter on this story: Adela Lin in Taipei at alin95@bloomberg.net

To contact the editor responsible for this story: Peter Hirschberg at phirschberg@bloomberg.net

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