(Seoul = Yonhap Infomax) Reporter Jong-Hwa Han = The Democratic Party of Korea announced that it is okay to introduce the financial investment income tax (gold investment tax) as planned.
Jin Seong-jun, chairman of the Democratic Party’s policy committee, said of the introduction of the gold investment tax at a press conference on policy issues held at the National Assembly on the 10th, “It is right that it is being done as intended. for the sake of legal stability and policy credibility,” and “There are people who say the introduction of the gold investment tax will plunge the stock market.” “It’s a baseless claim,” he said.
This was aimed at what President Yoon Seok-yeol said at a press conference to mark the second anniversary of his inauguration the previous day, saying, “If we don’t abolish the gold investment tax, there will be a huge amount of money flowing out of our stock. market.”
Chairman of the Policy Committee Jin said, “Taiwan tried to introduce a gold investment tax in 1989, but it failed because of the problem of the gold investment tax itself. There was great opposition to the automatic operation of the real name monetary system because of the introduction of the gold investment tax.” he did
Policy Committee Chairman Jin also added that Taiwan’s stock market fell due to various factors, including the lack of a computer system necessary to introduce a gold investment tax at the time and a decline in exports to China.
Policy Committee Chairman Jin repeatedly emphasized, “I think (the gold investment tax) should be implemented from January 1, 2025.”
This is slightly different from what Park Chan-dae, the floor leader of the Democratic Party, said the previous day, saying, “It is true that voices from citizens demand the abolition of the gold investment tax,” and ” We will understand tax justice and what people want and respond carefully.” It is a statement.
The Chairman of the Policy Committee, Jin, said, “The gold investment tax is not simply introduced, but is designed to prevent real losses by continuously calculating investment losses over the previous five years and subtracting them from’ profit.” “It is very unfortunate that an opinion is presented,” he said.
Jin Seong-jun, Chairman of the Policy Committee, held a press conference (Seoul = Yonhap News) Reporter Shin Jun-hee = Jin Seong-jun, Chairman of the Policy Committee of the Democratic Party of Korea, gives a greeting at a conference to the press held at the National Assembly on the 10th. 2024.5.10 hama@yna.co.kr
jhhan@yna.co.kr
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This article was published on the Infomax financial information terminal at 11:38, two hours earlier.
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