"Coin tax." Round 2 of gold investment tax...MIN JU, right click again?

2024.11.24 PM 11:10
[Anchor]
With the financial investment income tax and "money investment tax" set to be abolished, this time the debate over taxing virtual assets has ignited.

The power of the people is that it is impossible to implement next year, and the Democratic Party of Korea is fighting that it should be done as scheduled, but more than anything, attention is paid to Lee Jae-myung's position.

Reporter Jeong In-yong's report.

[Reporter]
After two delays in implementation, as scheduled, virtual assets will be taxed at a 20% tax rate on investment income, excluding 2.5 million won in basic deductions.

However, the government and the ruling party still insist on a two-year grace period, saying that the taxation system is not in place.

Equity with domestic exchanges and overseas exchanges where investment income is not identified should be considered, and it cannot be ignored that most of the investors are young people.

[Han Dong-hoon / Representative of People's Power (21st): It is being used as a ladder for young people's asset formation. The so-called 'Trump Rally' is taking place. The price of virtual assets has been going up for the first time in a long time. [The Democratic Party came up with a policy to pour cold water]

On the other hand, the Democratic Party cannot delay it further as it has been suspended for four years.It stresses that virtual asset taxation has virtually no such effect, unlike the gold investment tax, which damages the real economy when investors leave the country due to the enforcement of the

Act.

At the same time as emphasizing that it was a pledge for the last general election, it is also showing its willingness to implement it by taking out a card that significantly raises the deduction limit.

[Jin Sung-joon / Chairman of the Democratic Party's Policy Committee (MBC Radio 'Kim Jong-bae's Attention' on the 22nd): Raising the limit of the income deduction from the current 2.5 million won to 50 million won to drastically reduce the taxable amount and reduce the tax burden....]

However, CEO Lee Jae-myung, who has been taking a right-click move by meeting business leaders one after another, has not made an official statement and has maintained a wait-and-see stance.

Some observers say that the mid-expansion strategy could be hurt, so they might be struggling before reaching a conclusion.

In the same context, the business community's backlash over the revision of the commercial law left open the room for compromise, asking for an alternative through discussion.

[Lee Jae-myung / Representative of the Democratic Party (22nd): I would like to propose a public debate between the two sides regarding the amendment of the Commercial Law. After gathering all the positions, we will clearly organize our positions.]

However, there are many analyses that it will not be easy to reverse the party's basic position again following the financial investment.

After all, investor public opinion is also key.

The opposition is so strong that the National Assembly's petition to suspend taxation exceeds 60,000 in two days of posting, and the possibility of a forward-looking negotiation in the budget situation at the end of the year cannot be ruled out.

This is YTN Jeong Yong-yong.



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