[Editorial] Estate tax relief for SMEs
Aug 21, 2011
The government is seeking to ease the tax burden associated with generational business succession at small and medium-sized family enterprises. Baek Yong-ho, policy planning chief at Cheong Wa Dae, told a meeting of SME executives on Thursday that the government has set out to introduce the German model that offers generous tax relief to those inheriting family businesses if they maintain employm...