The Taiwan Communist Party was founded by Wang Lao-yang on 16 October 1994 in Sinhua, Tainan.

[1][3][4] It was not until 20 June 2008 that Wang's goal was finally realised; on that day, the justices of the Constitutional Court ruled the prohibition of communism in Taiwan unconstitutional, thus allowing the registration of communist parties.

[7] Although the party had "communist" in its name, Wang stated in an interview that he had never read the works of Karl Marx or Vladimir Lenin, and he only chose the name because he thought it would attract more interest.

[2] Wang described the party as social democratic,[1] and advocated the establishment of a welfare state and mutual aid in Taiwan.

[2] For example, another vice chairman of the party, Wu Miao-huo, claimed to have spent two decades studying Marxism in Mainland China.