The Impact of South Korea’s Inheritance Tax on Economic Growth

South Korea,Inheritance Tax,OECD Countries,Philanthropic Contributions,Sustainable Growth

Inheritance tax in South Korea is among the highest in the world, with a top rate of 50%. When combined with the surcharge for large shareholders, the effective tax rate can reach up to 60%, the highest among OECD countries. This has sparked significant debate regarding its impact on economic growth and business continuity. High … 더 읽기