Editor's PiCK
Democratic Party of Korea, No Reversal on Financial Investment Income Tax Abolition… "Will Proceed as Planned"
Summary
- The Democratic Party of Korea announced that it will abolish the financial investment income tax as planned.
- The Democratic Party agreed to the abolition due to difficulties in the stock market and stated that they will not reverse the decided matters.
- Other bills, such as the Commercial Act amendment, are expected to be postponed until the impeachment situation is resolved.
The Democratic Party of Korea plans to proceed with the abolition of the financial investment income tax as scheduled.
According to industry sources on the 9th, a Democratic Party official stated, "The Democratic Party plans to abolish the financial investment income tax as scheduled on the 10th. We will not reverse our words on confirmed matters." The 10th is the last day of the regular National Assembly session.
Previously, Lee Jae-myung, the leader of the Democratic Party of Korea, explained at the Supreme Council meeting in the National Assembly on the 4th of last month, "We agreed to the abolition of the financial investment income tax pushed by the government and the ruling party. According to principles and values, the financial investment income tax should be implemented, but the current stock market is too difficult."
However, other bills, including the Commercial Act amendment, are expected to be postponed until the impeachment situation is resolved.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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