Today news
About the same in other media
S Korean Gov’t Might ‘Eventually Raise the White Flag’ on Crypto Tax
Reading now: 550
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 /2 years ago
South Korean lawmakers push back against controversial “know-the-sender” rule cointelegraph.com /2 years ago
Show more
The website gocryptonft.com 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.
