South Korea proposes tax cuts on inheritance to boost stock market and address low birth rate.
South Korea proposes tax cuts to boost its domestic stock market and tackle the world's lowest falling birth rate. The finance ministry plans to lower inheritance taxes as part of the "Corporate Value-up Programme", with high inheritance taxes previously cited as a factor behind the "Korea discount". The highest tax rate of 50%, applied to inheritances over 3 billion won, will be removed.
July 25, 2024
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