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May 15, 2014

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Ma denies report on US green card, taxes

Taiwan’s leader Ma Ying-jeou has denied a report that he holds a US green card and owes the US government Taiwan dollar 500,000 (US$16,556) in taxes, saying he would resign if the claim turned out to be true.

Taiwan’s Next Magazine claimed that Ma holds US permanent residency and is therefore subject to the US Foreign Account Tax Compliance Act.

The law, effective from January 2014 and known worldwide as Fatca, requires US citizens, green card holders and other taxpayers abroad to report their income to the Internal Revenue Service.   

 “Ma made it clear when he was campaigning for the leadership in 2008 that he had already renounced the green card that he obtained as a student in the United States more than 20 years ago,” his spokeswoman Li Jia-fei told reporters.

Li said the report was incorrect as the name on Ma’s green card was “Ying-jeou Ma,” while the magazine referred to a “Mark Y.J. Ma.”

 Ma has said his US residency became void a long time ago, and he has since applied for tourist visas to the country.

 




 

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