Formosa magazine (Chinese: 美麗島 雜誌; Pinyin: Měilì dǎo zázhì) was a dissident political magazine affiliated with prominent Tangwai political activists, such as Hsu Hsin-liang, Anette Lu and Huang Hsin-csieh who constituted the aptly named "Formosa faction."
The magazine (and the corresponding faction) originally took the radical reformist position, advocating for working against the system. They adhered to reform through protest and civil disobedience, and saw the moderate The Eighties faction's attempts for reform through the ballot box as futile, as the KMT was perceived as powerful enough to bend the rules to eliminate all domestic threats.
By the time most key members of the faction returned from the imprisonment or exile due to their involvement in the Kaohsiung Incident, they had transformed into the moderate wing of the Tangwai movement.