“Corporate tax cuts, helping investment and growth… Implement and evaluate in 2-3 years”
“A vital tool to stimulate the economy” identified by large corporations and rich tax cuts Deferral of financial investment income tax Jill Taen explains “Measures that take account of changes in the market environment” Deputy Prime Minister Choo Kyung-ho objected that the reform of the corporate tax rate system included in this year’s tax reform […]
The top 1% of YouTubers have annual sales of 1.27 billion won… ‘The poor get rich, the rich get rich’ clear
Media content creators and single creators are increasing rapidly The overall market has grown, but average income has fallen Average income of one YouTuber in a year: he earned 8.34 million → he earned 5.75 million The annual income of the top 1% of media content creators such as YouTubers was found to be more […]
“Standard evaluation time is short expression, serious drug prescription … should aim on first prescription”
Four decades have handed due to the fact the complete implementation of the accounting reform, and the governing administration has made the decision to attract up a approach to increase major techniques linked to accounting reform within this year. The corporations and the accounting field fought fiercely with the optimistic evaluation of improving upon accounting […]
The big increase in transport costs… Import and export companies facing logistics costs↑
Korea Customs Service announces July import/export air/shipping cost status They found not only the cost of sea import and export transport using ships, but also the cost of import cargo transport through the integration of aircraft increased sharply. The increase in transport costs by air and ships is a logistical burden for import and export […]
Growth of tariffs on agricultural and livestock items due to Chuseok selling price ‘crisis’ … Maximize the amount of money of imports and goods
Holding the 5th Economic and Welfare Unexpected emergency Conference presided around by President Yoon Seok-yeol Introduced a quota tariff of 92,000 tonnes of onions… 50% → 10% Potatoes and modified starch, % tariff applies until finally the close of the 12 months Immediately import Chinese cabbage, supply to kimchi processing companies, and broaden the application […]
Heat wave, K-food is popular… Ice cream import and export record high in the first half
Due to the global heat wave, the ice cream import and export market is reaching new highs every year. According to the ice cream import and export trend announced by the Korea Customs Service on the 26th, ice cream exports in the first half of this year recorded $50 million, an increase of 14.0% compared […]
“Kim & Chang, 24 people in all of the National Tax Service for 10 years… 6 times increase in salaries”
Rep. Kim Hoe-jae analyzed data from the Korea Health Corporation… “We need to systematically block all civil service.” From 2012 to 2021, all 100 employees from 6 economic ministries were transferred to Kim & Chang. Financial Supervisory Service 30 people, National Tax Service 24 people, Bank of Korea 17 people, Fair Trade Commission 14 people, […]
“Inheritance and gift tax deductions need to be increased”… ‘Caution’ on tax change
□ Public Hearing on ‘Inheritance/Gift Tax System Reorganization Plan’, Korea Institute of Taxation and Finance Seong-oh Kwon, Associate Research Fellow, “There has been no significant change in the tax rate system and deduction system for over 20 years… Increased tax burden” “Gift tax, introduction of annual basic deduction system and design review of integrated deduction […]
Meeting with Korea General Liquor Wholesale Business Federation and Hite Jinro Branch of Daejeon Headquarters of Cargo Solidarity
The Korea Federation of Liquor Wholesalers (Chairman, Seok-Hong Lee) had a meeting with Jin-Soo Lee, Deputy Manager of Hite Jinro Branch 1st Branch of Daejeon Headquarters, and Byeong-Jin Choi, Organization Manager at the conference room of the National Federation on the 16th. The Cargo Solidarity canceled the strike by agreeing to continue promoting the safe […]
Notes on reporting overseas financial accounts this month
Up to 20% fine for non-reporting within the deadline Criminal punishment and disclosure of personal information in case of violation of report exceeding 5 billion won Reduction of fines for negligence by up to 90% when reporting amendments or reporting after the deadline National Tax Service builds ‘foreign income and asset integrated management system’… Detailed […]
