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Taiwan January tax revenues jump 56.5% as economy rebounds

Taiwan's January tax revenue jumped 56.5 percent year on year to hit 116 billion New Taiwan Dollars (about 3.6 billion US dollars), as the island's economy rebounds strongly from the global slowdown. According to local media reports, Taiwan authorities' f

Taiwan's January tax revenue jumped 56.5 percent year on year to hit 116 billion New Taiwan Dollars (about 3.6 billion US dollars), as the island's economy rebounds strongly from the global slowdown.

According to local media reports, Taiwan authorities' finance department said the island's Spring Festival holidays in January 2009 also contributed to the sharp upturn.

Of the 56.5 percent growth, equivalent to a 41.9-billion-New-Taiwan-Dollar increase, the sales sector accounted for more than half, or 21.7 billion New Taiwan Dollars.

The stock exchange and housing sectors were two other big contributors, together accounting for 14.7 billion New Taiwan Dollars.
 

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