Raising Majority Shareholder Standard to 5 Billion Won Would Cut Capital Gains Tax by 70%
[비즈니스포스트] They found that if the majority shareholder standard were raised from 1 billion won to 5 billion won, the number of people subject to capital gains tax would drop by around 70%. According to data presented by Rep. Yang Gyeong-sook, a member of the Political Affairs Committee of the National Assembly, from the Korea […]
Falling short by 59 Trillion Won: This Year’s National Tax Revenue Faces Historic Deficit
Record-breaking Shortfall in National Tax Revenue for 2023 Expected The anticipated national tax revenue for this year is projected to fall approximately 59 trillion won short of expectations, marking the largest deficit ever recorded. The Ministry of Strategy and Finance released the “2023 Tax Revenue Re-estimate Results and Fiscal Response Direction” on the 18th, outlining […]
