Gov't to unveil property tax revision this month: finance minister
Finance Minister Koo Yun-cheol speaks during a meeting held in the central city of Sejong on Friday. South Korea will unveil property tax revisions later this...
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Finance Minister Koo Yun-cheol speaks during a meeting held in the central city of Sejong on Friday. (Yonhap) South Korea will unveil property tax revisions later this month as part of its effort to strike a balance between recurrent and transaction taxes, the finance minister said Tuesday. "Basically, we aim to establish a property market centered on actual residents, under the principle that homes are for living, not buying," Koo said, reflecting the government's efforts to curb speculative trading. Finance Minister Koo Yun-cheol made the remark during an interview with MBC Radio, a local broadcaster, noting the government intends to make a final decision after gathering opinions from the public.
Furthermore, Touching on the three recent megaprojects announced by the government, Koo said such projects will provide significant opportunities for the country if implemented swiftly through all-out commitment. Koo also noted the government has yet to estimate additional tax revenue collected from chipmakers amid the booming semiconductor industry, noting it is carrying out an internal review to utilize the funds to prepare for the future. (Yonhap).
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Finance Minister Koo Yun-cheol speaks during a meeting held in the central city of Sejong on Friday. (Yonhap) South Korea will unveil property tax revisions later this month as part of its effort to strike a balance between recurrent and transaction taxes, the finance minister said Tuesday.
reliability low1/2 sources"Basically, we aim to establish a property market centered on actual residents, under the principle that homes are for living, not buying," Koo said, reflecting the government's efforts to curb speculative trading.
reliability low1/2 sourcesFinance Minister Koo Yun-cheol made the remark during an interview with MBC Radio, a local broadcaster, noting the government intends to make a final decision after gathering opinions from the public.
reliability low1/2 sourcesTouching on the three recent megaprojects announced by the government, Koo said such projects will provide significant opportunities for the country if implemented swiftly through all-out commitment.
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Koo also noted the government has yet to estimate additional tax revenue collected from chipmakers amid the booming semiconductor industry, noting it is carrying out an internal review to utilize the funds to prepare for the future. (Yonhap)
according to The Korea Herald
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