After the South Korean government hinted that property taxes will be raised on real estate investors, the market is examining various scenarios of the tax revision.
During a briefing on economic policy directives for 2018, finance minister Kim Dong-yeon said the government would comprehensively consider diverse factors such as equity in taxation.
“Since tax revision has a huge impact, it is crucial to have a discussion. We will prepare measures after gathering diverse opinions…
Source : South China Morning Post
Read more…South Korea mulls property tax hike to curb price rises