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

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

The Center for Free Enterprise also asserted that especially when inheriting major shareholder status, not only extra 슬롯 커뮤니티es should be removed but also the 슬롯 커뮤니티 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 슬롯 커뮤니티 rate imposed on management right, the actual 슬롯 커뮤니티 rate goes up to 65 percent.”

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

Controversy surrounding the abolishment of inheritance 슬롯 커뮤니티 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 슬롯 커뮤니티 should be progressively converted to capital gains 슬롯 커뮤니티 since it is 슬롯 커뮤니티ation 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 슬롯 커뮤니티, 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]