Mixed reaction among Taiwan's tycoons to wealth tax proposal

The low tax burden of Taiwan's wealthy and their distaste for paying taxes have been magnified in the recent debate over a proposed capital gains tax. Hon Hai Group Chairman Terry Gou tried to change that image when he suggested Wednesday that the government impose higher taxes on Taiwan's wealthiest 300 people but drop the capital gains tax plan. Reaction to the plan among some of Taiwan's wealthiest entrepreneurs a day later was decidedly mixed. Taiwanese entrepreneurs attending a business association meeting avoided commenting on Gou's tax idea. Worth tens of billions of Taiwan dollars, they were afraid of being labeled as "rich." But Wei Chuan Foods Chairman Wei Yin-chun had a different opinion.Wei Yin-chunWei Chuan Foods ChairmanIf we earn more, we are willing to pay more in taxes. Th