[미스터 슬롯] CFE: ‘Inheritance Tax Should Be Converted to Capital Gains Tax’

Chairman of Center for Free Enterprise asserted on Tuesday that inheritance 미스터 슬롯 (IHT) should be abolished or converted to capital gains 미스터 슬롯. Chairman also said that if abolishment is impossible, the maximum rate of inheritance 미스터 슬롯 should be lowered to 35 percent.

The Center for Free Enterprise also asserted that especially when inheriting major shareholder status, not only extra 미스터 슬롯es should be removed but also the 미스터 슬롯 amount should be reduced.

At a press conference held at the Press Center Tuesday morning, Center for Free Enterprise raised a voice: “Korea imposes 50 percent IHT rate which is the highest in the world. Considering the extra 미스터 슬롯 rate imposed on management right, the actual 미스터 슬롯 rate goes up to 65 percent.”

Center for Free Enterprise has researched 123 nations’ inheritance 미스터 슬롯 policy and discovered that 71 nations do not levy 미스터 슬롯 on inheritance and 52 nations with such 미스터 슬롯ation have an average inheritance 미스터 슬롯 rate of 21 percent.”

Controversy surrounding the abolishment of inheritance 미스터 슬롯 is expected to be heated since that statement by Center for Free Enterprise came after Chairman of the Korea Chamber of Commerce & Industry, Sohn Kyung-sik’s comment: “Inheritance 미스터 슬롯 should be progressively converted to capital gains 미스터 슬롯 since it is 미스터 슬롯ation of unrealized profit.”

Center for Free Enterprise said, “In Korea, rich’s bequeathment of wealth is not viewed favorably but the more inheritance is interrupted by such draconian 미스터 슬롯, the less consumption and savings are made, ultimately depressing capital accumulation and investment. The chain of negative effects eventually leads to deterioration of labor productivity and wages, hurting employees.”

[Eun-jung Kim / KHS]