Politics · South Korea · 3 hrs ago
Gyeonggi to Promote Local Tax Reform at National Assembly Expo
Gyeonggi Province will run a booth at a National Assembly expo in Seoul on Nov.
5-6.
The province plans to promote changes to local taxes, including gradually raising the local consumption tax rate from 25.3% to 40.3%.
It also wants to transfer 5% of national corporate tax revenue to regional governments and change how part of tobacco tax revenue is allocated.
The booth will also feature local services, including a bus service and a real-estate safety initiative.
Gyeonggi will explain its positions on how government grants are calculated and on a fund for future challenges.
Visitors can take part in quizzes and a roulette event about the province's policies.
Proposals from local governments will be sent to lawmakers and parliamentary committees to inform legislative and policy reviews.
Gyeonggi Province will promote local tax reform proposals at a National Assembly legislative expo on November 5 and 6.
The province will run an exhibition space covering taxation, policy and budgets.
Its tax proposals include gradually raising the local consumption tax rate from 25.3% to 40.3% and transferring 5% of national corporate tax to regional governments.
The expo is designed to connect public ideas with laws and policies, and proposals from local governments may be used in legislative and policy reviews.
- Who
- Gyeonggi Province.
- What
- It will promote local tax reform proposals and other policies at a National Assembly legislative expo.
- When
- November 5–6.
- Where
- The National Assembly in Seoul.
- Why
- To publicize the province’s proposals and policies; local government proposals may be used in legislative and policy reviews.
This story does not have two clearly opposing sides.
Gyeonggi Province announced that it would run an exhibition space at the expo.
The National Assembly legislative expo is scheduled to take place.
- Expo dates
- November 5–6
- Location
- National Assembly
- Exhibition areas
- Taxation, policy and budgets
- Local consumption tax proposal
- Gradual increase from 25.3% to 40.3%
- Corporate tax proposal
- Transfer 5% of national corporate tax to regional governments