Most Popular
-
1
Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
-
2
Seoul blanketed by heaviest Nov. snow, with more expected
-
3
NewJeans to terminate contract with Ador
-
4
Seoul snowfall now third heaviest on record
-
5
Samsung shakes up management, commits to reviving chip business
-
6
Heavy snow of up to 40 cm blankets Seoul for 2nd day
-
7
How $70 funeral wreaths became symbol of protest in S. Korea
-
8
Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
-
9
Why cynical, 'memeified' makeovers of kids' characters are so appealing
-
10
BOK makes surprise 2nd rate cut to boost growth
Park calls for easing public difficulties over controversial tax scheme
By KH디지털2Published : Jan. 26, 2015 - 13:35
President Park Geun-hye called on officials Monday to address the government's new tax settlement scheme that has sparked fierce public backlash.
The new scheme is designed to collect less taxes throughout the year and return less in overcharge during tax settlements at the start of a new year. The government's stated goal is to enhance the distribution of wealth.
Under the new tax settlement scheme, some people with an annual income of less than 55 million won (US$50,700) are required to pay additional taxes this year.
Before the revision, many wage earners were able to get tax refunds that were commonly referred to as a bonus or extra wage.
The new tax settlement scheme has angered the public, prompting the government and the ruling party to push for revision of the tax code to ensure that it offers additional tax refunds to eligible taxpayers.
"We need to explore measures to make sure that the tax settlement scheme will not pose great difficulties to people" at a time when they need to spend money for a new school semester and Lunar New Year's Day, Park said in a meeting with her top aides.
She also said the central government and local authorities are having difficulties as demand for welfare is on the rise at a time when there is a slump in tax revenue. (Yonhap)
The new scheme is designed to collect less taxes throughout the year and return less in overcharge during tax settlements at the start of a new year. The government's stated goal is to enhance the distribution of wealth.
Under the new tax settlement scheme, some people with an annual income of less than 55 million won (US$50,700) are required to pay additional taxes this year.
Before the revision, many wage earners were able to get tax refunds that were commonly referred to as a bonus or extra wage.
The new tax settlement scheme has angered the public, prompting the government and the ruling party to push for revision of the tax code to ensure that it offers additional tax refunds to eligible taxpayers.
"We need to explore measures to make sure that the tax settlement scheme will not pose great difficulties to people" at a time when they need to spend money for a new school semester and Lunar New Year's Day, Park said in a meeting with her top aides.
She also said the central government and local authorities are having difficulties as demand for welfare is on the rise at a time when there is a slump in tax revenue. (Yonhap)
