POPA Recon[Summary of today’s (7/16) real estate tax discussion]
[Summary of today’s (7/16) real estate tax discussion] 1. A reform centered on property taxes is needed. The tax credit of up to 80% should be reformed, but I think payment deferral is better than deduction. Also, it is necessary to reform the 'value standard' rather than the number of houses. (Moon Yun-sang, KDI Research Fellow) 2. The comprehensive real estate tax rate is too low. The effective tax rate must be more than 1%. However, considering tax resistance, let’s apply it only to ultra-expensive homes worth over 4 billion won. (CEO Lee Kwang-soo) 3. A limited increase in ownership tax…
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