People Power Party's Song Eon-seok Calls for Ending Crypto Income Tax, Citing Stock Tax Fairness and Capital Flight Risk - bloomingbit
People Power Party's Song Eon-seok Calls for Ending Crypto Income Tax, Citing Stock Tax Fairness and Capital Flight Risk - bloomingbit
Source: bloomingbit
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DW NOTE
South Korea exempts stock gains from tax but plans to levy 20% on crypto income. Song argues the asymmetry will drive capital offshore — and he's right. The government's own data shows retail crypto holdings exceed $40 billion. Tax it differently than equities and watch it move to Singapore wallets.