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….
Read More: S Korean Gov’t Might ‘Eventually Raise the White Flag’ on Crypto Tax
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….
Read More: S Korean Gov’t Might ‘Eventually Raise the White Flag’ on Crypto Tax
Source: https://cryptonews.com/news/s-korean-govt-might-eventually-raise-the-white-flag-on-crypto-tax.htm