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S. Korea to Review Tax Code to Avoid Increasing Tax Burden on Middle Class: Minister
Source: english.yonhapnews.co.kr
Source Date: Monday, August 12, 2013
Focus: Knowledge Management in Government
Country: Korea (Republic of)
Created: Aug 13, 2013

South Korea will review the country's tax code "from scratch" to avoid increasing the tax burden on the middle class, the finance minister said Monday, following criticism that its latest tax code overhaul plan favors the rich and large businesses.

"The government will review the tax code from scratch in a way that it does not increase the tax burden on ordinary and middle-class people," Finance Minister Hyun Oh-seok said during a hastily-arranged press briefing in Seoul.

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