Yonhap Infomax NewsRep. Cha Kyu-geun has proposed lowering the threshold and raising rates for South Korea’s comprehensive real estate tax on land, aiming to expand the tax base and address wealth inequality, as the nation’s land assets far exceed those of other major economies.
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https://en.infomaxai.com/news/articleView.html?idxno=80329
'Proposal to Expand Comprehensive Real Estate Tax on Land'—Rep. Cha Kyu-geun Introduces Amendment to Property Tax Law
Rep. Cha Kyu-geun has proposed lowering the threshold and raising rates for South Korea’s comprehensive real estate tax on land, aiming to expand the tax base and address wealth inequality, as the nation’s land assets far exceed those of other major economies.