Vice Prime Minister of Economic Affairs Aki says, ``It's time to review the inheritance tax system...South Korea has the highest inheritance tax rate among OECD member countries'' = South Korean report

On the 10th, in response to a question from Democratic Party lawmaker Lee Yong-woo during a general policy question session at the National Assembly Special Committee on Budget and Settlement, Deputy Economy Minister Choo Kyung-ho said, ``The time has come to review the inheritance tax system.'' Akira
I made it clear. Furthermore, he emphasized that if the Diet issues an amendment bill, the government will actively support it. Vice Prime Minister Au said, ``South Korea has the highest inheritance tax among OECD (Organization for Economic Co-operation and Development) member countries.
, 14 out of 38 countries have no inheritance tax at all. He went on to say, ``The average (inheritance tax rate) in OECD member countries is 26%,'' and added, ``It must be lowered overall, but in Japan, this issue is
"When we bring up the issue, we still get a lot of opposing opinions." South Korea imposes the highest inheritance tax in the world (up to 60%, when the largest shareholder premium is applied). The founding family of Samsung is 202
After chairman Lee Kun-hee died in 2000, he was imposed an inheritance tax of 12 trillion won (approximately 1.38 trillion yen), which he has been paying in installments over five years. Recently, the shares of affiliated companies such as Samsung Electronics have reached 2 trillion yen.
It announced that it would sell 600 billion won (approximately 298 billion yen). It has been pointed out that the high inheritance tax rate is a hindrance, making it difficult for talented companies to survive in South Korea, and leading to them being forced out overseas.
There is. Japan has an inheritance tax rate similar to South Korea (up to 55%), but in 2018 it introduced a special system for business succession that exempts businesses from inheritance tax if they meet certain requirements. Through this system
It was determined that allowing the company to continue to exist would be beneficial to employment and the national economy. In the US and UK, inheritance tax rates can be up to 40%.
Deputy Prime Minister Autumn said, ``Inheritance tax has many problems, such as double taxation, but one side of the public sentiment is that there is a strong desire to inherit wealth.''
There is a strong sense of resistance." Furthermore, Deputy Prime Minister Autumn stated, ``If a reorganization plan is proposed in the Diet, the government will actively support it and is ready to actively participate in the discussion.''
However, Deputy Prime Minister Choo said that Rep. Lee's proposal to differentiate by giving benefits to working income earners and strengthening taxation on unearned income was ``too complicated and requires too much effort.''
"It will make it difficult to trace marks," he said, expressing disapproval.