While the South Korean government is expected to discuss raising property taxes at a special committee, it won’t be easy to reach a consensus as resistance by taxpayers will be inevitable.
Strategy and Finance Minister Kim Dong-yeon recently said a special committee on fiscal reform would be launched soon to examine overall tax policies of the Moon Jae-in administration. Based on a tax reform plan, the committee will also set up long-term guidelines for fiscal policies. The liberal…
Source : South China Morning Post
Read more…Support for South Korea property tax to curb soaring prices rises
