FKI calls for revising Korea¡¯s inheritance tax system

Pulse 입력 2022. 8. 17. 14:21
글자크기 설정 파란원을 좌우로 움직이시면 글자크기가 변경 됩니다.

이 글자크기로 변경됩니다.

(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.

The Federation of Korean Industries (FKI) has called for a revision in the nation¡¯s inheritance tax system, whose rate is up to 60 percent, the highest among the Organization for Economic Cooperation and Development (OECD) nations. In contrast, 20 OECD members do not levy inheritance taxes on a person¡¯s direct descendants, such as children and grandchildren.

The FKI, representing big Korean companies including Samsung, Hyundai, and LG, announced Wednesday that it delivered its opinion for the revision to the Ministry of Economy and Finance. In the opinion, the organization claimed that the nation¡¯s notoriously high inheritance taxes would hamper entrepreneurship and contract investment and employment.

Some measures suggested by the economic organization to improve the tax system include lowering the inheritance tax rate to 30 percent, abolishing the management control premium of 20 percent in the case of inheriting stocks from the largest shareholder of a business, and applying capital gains taxes instead of inheritance taxes.

The inheritance acquisition taxes are more equitable than inheritance taxes as they are imposed based on the inherited assets, the organization explained.

The FKI also suggested a shift in the taxation method from the current bequest basis to legatee to consider the ability-to-pay-principle of inheritor.

[¨Ï Maeil Business Newspaper &, All rights reserved]

Copyright© 매일경제 & 무단 전재, 재배포 및 AI학습 이용 금지

이 기사에 대해 어떻게 생각하시나요?