Most Popular
-
1
Opposition-led Assembly unilaterally passes bill to probe Marine's death
-
2
Golden chance to liquidate babies’ gold rings?
-
3
Inflation eases in April, continues bumpy ride
-
4
Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
-
5
Seoul to more than double military drones by 2026 to counter NK threats
-
6
Key suspects grilled over alleged abuse of power in Marine death inquiry
-
7
Seoul alerts overseas missions to NK terror threats
-
8
Over 60% of S. Koreans support W100m childbirth incentive: survey
-
9
‘Inside Out 2’ adds four new emotions, explores teenage life
-
10
Questions raised over fair promotion of RM, NewJeans
Only two percent of those who inherited wealth from their parents paid inheritance taxes in recent years, an opposition party lawmaker said Friday.
Rep. Park Kwang-on of the main opposition Minjoo Party said more than 1.45 million people inherited a combined 151 trillion won ($135 billion) from their parents between 2011 and 2015.
Still, only 32,330 paid inheritance taxes, accounting for 2.2 percent of the total. It means more than 1.42 million people did not pay a dime.
Meanwhile, more than 1.17 million people received a combined 163.1 trillion won in donated fortunes from their parents between 2011 and 2015. But 45.5 percent of them did not pay gift taxes, Park said.
South Korea's nominal gift tax comes to 50 percent, but the effective tax rate stood at roughly 21 percent. (Yonhap)
Rep. Park Kwang-on of the main opposition Minjoo Party said more than 1.45 million people inherited a combined 151 trillion won ($135 billion) from their parents between 2011 and 2015.
Still, only 32,330 paid inheritance taxes, accounting for 2.2 percent of the total. It means more than 1.42 million people did not pay a dime.
Meanwhile, more than 1.17 million people received a combined 163.1 trillion won in donated fortunes from their parents between 2011 and 2015. But 45.5 percent of them did not pay gift taxes, Park said.
South Korea's nominal gift tax comes to 50 percent, but the effective tax rate stood at roughly 21 percent. (Yonhap)
