Tuesday , December 1 2020

Chairman of the Finance Committee, "We should seriously review the abolition of the tax transactions of securities"



Workers work in the Hana Bank Handling room in Uljiro, Seoul on the 29th, when the KOSPI fell for five consecutive days and ended at 31.75 (1.53 per cent) in 1,996.05. Idolater

Workers work in the Hana Bank Handling room in Uljiro, Seoul on the 29th, when the KOSPI fell for five consecutive days and ended at 31.75 (1.53 per cent) in 1,996.05. Idolater

"We need to seriously consider the abolition of the securities transaction tax," said the finance minister. This is different from the negative tax authorities when canceling the negotiation tax.

Choi said, "When she's really worried about it," said the chairman of the National Assembly's Political Affairs Committee, "I do not think there is a need to look at the abolition of the securities transaction tax" by the Democratic Party lawmaker .

Choi said, "Securities transaction tax is profitable, but it should be paid even when it is lost. There is a double taxation problem because the transfer income tax of the contribution will become very widespread in the future," he said. . "The range of large shareholders is expanding, and the range of share transfer income taxes is very widespread," he said.

As the main stockholder that is the subject of real capital gains tax is reduced to the level of 300 million earned from April 2021, it is stated that the double taxation is to give a transfer and tax transactions at the same time.

The securities transaction tax, introduced in 1963, was repealed once in 1971 and restated in 1978, and so far. The KOSPI market is 0.15% (0.3% when the special farm tax is included) and the KOSDAQ market is 0.3%. Last year, the amount of tax on securities transaction tax earned 8.0% of the previous year to 4.7 trillion.

On May 21, the chairman of the final committee finance committee answered a question on the council at a general meeting of the Politburo Committee held in Yeouido Parliament in Yeongdeungpo-gu, Seoul.<뉴스1>"data-src =" https://pds.joins.com/news/component/htmlphoto_mmdata/201811/06/ecdc87b7-d16a-43c3-b472-f5e1ad07817c.jpg "/><span class=

On May 21, the chairman of the final committee finance committee answered a question on the council at a general meeting of the Politburo Committee held in Yeouido Parliament in Yeongdeungpo-gu, Seoul.<뉴스1>

However, it is unlikely that the cancellation of the transaction tax will come into effect immediately, despite the comments of Choi because the Ministry of Strategy and Finance is negative.

The termination of the securities transaction tax in political circles was raised during the month of the fall in the stock market last month, but Kim Dong-yeon, the Deputy First Minister and the Minister for Strategy and Finance, said " A tax on securities transactions is about 2 trillion. Theoretically, there may be many options, but we should be careful about going so far (to abolish the tax transactions). "

Choi seems to have considered this. "Tax authorities are reluctant to see a reduction in tax revenues, but they can be another option for regeneration and stock market. I believe we should consult tax authorities. "

With regards to the stock market, "concerns about external conditions have become more intense at the same time, but the stock has been over-valued at one time, and now it comes to practice , but uncertainty can not be ruled out ".

Choi said, "It's not long before the end of the Democratic Party," said Chair of the Securities and Future of the Korean Commission, "Samsung does not believe Samsung has passed the regular meeting's conclusion on March 31," he said.

"The Financial Supervision Service (FSS) has recently submitted a new report to the Supreme Court, and it seems to be difficult to conclude," There is no reason to take time, and we will come to an objective and fair conclusion. "
Correspondent Park Jinsuk [email protected]




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