Today news
About the same in other media
S Korean Gov’t Might ‘Eventually Raise the White Flag’ on Crypto Tax
Reading now: 560
Pressure is growing on the South Korean government to back down over a controversial crypto tax law that will see trading profits over an annual total of USD 2,100 taxed at 20%.
Per the Segye Ilbo, the “dominant feeling” among analysts is that the ruling Democratic Party will try to force through a measure to defer the tax by at least a year in order to avoid risking the ire of younger voters in the run-up to next year’s elections.
As previously reported, the tax is due to come into force on January 1, 2022 – just weeks before South Korea goes to the polls on March 9 to elect its next president.
The same media outlet reported that any move to delay would be “conscious of the voting behavior” of the so-called “2030 generation” – urban-dwelling
Read more on cryptonews.comAbout this in other media
S. Korea's Democratic Party Backs Support for Crypto, Metaverse blockchain.news /2 years ago
Ruling South Korean Party Makes Pro-Crypto Policy U-Turn cryptonews.com /3 years ago
South Korea embraces the proto-Metaverse cointelegraph.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
