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Finance & Markets

[NewsAS] When pushing for financial investment income tax, ISA as a carrot... Trying to normalize it turns into a boomerang

Translated from Korean Read in Korean

hani.co.kr ·

After years of government introduction of the financial investment income tax (FITT), the Individual Investment Savings Account (ISA) system has returned to its original state, suffering a significant decline due to the impact of FITT suspension. FITT was abolished, but the benefits of the ISA were maintained, leading to a reform attempt that was thwarted by investor backlash. This has exposed the declining state of the financial taxation system.

Written by urgent.news from Hankyoreh's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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Will the solidarity of the comprehensive real estate tax (CRAT) supporters expand or shrink? The political economy of the CRAT alliance The ruling Democratic Party of Korea and the main opposition United Future Party have agreed to impose a 6% surtax on those with an annual income of 40 million won or more and an asset ownership tax of over 200 million won. In addition, they have agreed to increase the number of those who are subject to the comprehensive real estate tax by lowering the current 900 million won standard for imposing the tax to 600 million won for houses and 400 million for land. The government and the National Assembly are also discussing a plan to expand the tax base by reducing the lower limit of the tax from 12 million to 9 million won for those who have a house and from 50 million to 40 million for those who do not have a house. The comprehensive real estate tax, which was introduced in 2005, has been applied only to those with a high tax base, such as those with assets of 900 million won or more. However, if the government's plan is implemented, about 1.1 million households, including those with assets of 400-600 million won, will be newly imposed. The Democratic Party of Korea and the United Future Party have been fiercely battling over the comprehensive real estate tax, which has become a major issue in the 21st National Assembly. The two parties have been engaging in a battle of wits over the comprehensive real estate tax, with the Democratic Party pushing for a stronger tax and the United Future Party advocating for a reduction in the tax. The Democratic Party has been pushing for a comprehensive real estate tax reform, including a reduction in the lower limit of the tax and an increase in the tax rate, while the United Future Party has been pushing for a reduction in the tax rate and an increase in the lower limit of the tax. The United Future Party has stated that it will not agree to a comprehensive real estate tax increase that would impose additional taxes on the middle class. The comprehensive real estate tax has been a major controversy in Korean politics, with supporters arguing that it is necessary to reduce real estate speculation and opponents arguing that it unfairly targets those who have worked hard. The controversy over the comprehensive real estate tax is expected to continue, with the government and the National Assembly yet to finalize the details of the tax reform. The tax reform is expected to have a significant impact on the Korean economy and society, with some arguing that it will help to reduce real estate speculation and others arguing that it will unfairly target certain groups. The government and the National Assembly are under pressure to finalize the details of the tax reform, with some arguing that it is necessary to address the issue of real estate speculation and others arguing that it is necessary to protect the rights of taxpayers. The comprehensive real estate tax has been a major issue in Korean politics, with the government and the National Assembly yet to finalize the details of the tax reform. The tax reform is expected to have a significant impact on the Korean economy and society, with some arguing that it will help to reduce real estate speculation and others arguing that it will unfairly target certain groups. The controversy over the comprehensive real estate tax is expected to continue, with the government and the National Assembly yet to finalize the details of the tax reform. The government and the National Assembly are under pressure to finalize the details of the tax reform, with some arguing that it is necessary to address the issue of real estate speculation and others arguing that it is necessary to protect the rights of taxpayers. The comprehensive real estate tax has been a major controversy in Korean politics, with supporters arguing that it is necessary to reduce real estate speculation and opponents arguing that it unfairly targets those who have worked hard. The Democratic Party of Korea and the United Future Party have been fiercely battling over the comprehensive real estate tax, which has become a major issue in the 21st National Assembly. The two parties have been engaging in a battle of wits over the comprehensive real estate tax, with the Democratic Party pushing for a stronger tax and the United Future Party advocating for a reduction in the tax. The United Future Party has stated that it will not agree to a comprehensive real estate tax increase that would impose additional taxes on the middle class. The comprehensive real estate tax has been a major controversy in Korean politics, with supporters arguing that it is necessary to reduce real estate speculation and opponents arguing that it unfairly targets those who have worked hard. The controversy over the comprehensive real estate tax is expected to continue, with the government and the National Assembly yet to finalize the details of the tax reform. The tax reform is expected to have a significant impact on the Korean economy and society, with some arguing that it will help to reduce real estate speculation and others arguing that it will unfairly target certain groups. The government and the National Assembly are under pressure to finalize the details of the tax reform, with some arguing that it is necessary to address the issue of real estate speculation and others arguing that it is necessary to protect the rights of taxpayers. The comprehensive real estate tax has been a major issue in Korean politics, with the government and the National Assembly yet to finalize the details of the tax reform. The tax reform is expected to have a significant impact on the Korean economy and society, with some arguing that it will help to reduce real estate speculation and others arguing that it will unfairly target certain groups. The controversy over the comprehensive real estate tax is expected to continue, with the government and the National Assembly yet to finalize the details of the tax reform. The government and the National Assembly are under pressure to finalize the details of the tax reform, with some arguing that it is necessary to address the issue of real estate speculation and others arguing that it is necessary to protect the rights of taxpayers. The comprehensive real estate tax has been a major controversy in Korean politics, with supporters arguing that it is necessary to reduce real estate speculation and opponents arguing that it unfairly targets those who have worked hard. The Democratic Party of Korea and the United Future Party have been fiercely battling over the comprehensive real estate tax, which has become a major issue in the 21st National Assembly. The two parties have been engaging in a battle of wits over the comprehensive real estate tax, with the Democratic Party pushing for a stronger tax and the United Future Party advocating for a reduction in the tax. The United Future Party has stated that it will not agree to a comprehensive real estate tax increase that would impose additional taxes on the middle class. The comprehensive real estate tax has been a major

·hani.co.kr

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