South Korea's Deputy Prime Minister Gu Yoon-chul denounced the Korea Chamber of Commerce's report on wealthy outflows due to inheritance tax as "fake news," questioning its data reliability and calling for accountability, while President Lee Jae-myung echoed strong criticism.
#YonhapInfomax #GuYoonChul #KoreaChamberOfCommerce #InheritanceTax #WealthOutflow #FakeNews #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104411

South Korea's high inheritance tax rates are fueling a surge in wealthy individuals emigrating abroad, raising concerns over capital outflows and the impact on the won, as policymakers debate the need for reform to maximize tax revenue and maintain market stability.
#YonhapInfomax #InheritanceTax #Emigration #HenleyAndPartners #ForeignExchange #WealthOutflow #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=90396