KJCKorea
Journal Central

@article{ART001476542},
author={Wansouk Kim},
title={The problem of the personal exemption system in the Income Tax Act},
journal={Public Land Law Review},
issn={1226-251X},
year={2010},
volume={50},
pages={393-414}

TY - JOUR
AU - Wansouk Kim
TI - The problem of the personal exemption system in the Income Tax Act
JO - Public Land Law Review
PY - 2010
VL - 50
IS - null
PB - Korean Public Land Law Association
SP - 393
EP - 414
SN - 1226-251X
AB - The current global income exemption system is under criticism for being too complicated and lacking consistency among different global income exemptions. Furthermore, it allows arbitrary discrimination on matters such as whether or not to apply global income exemptions and the amount of exemptions on the ground of different income types, and brings about an argument that as a personal exemption falls far short of the minimum living expense to meet basic living conditions, it is against the Constitution. Thus, it is necessary to make a complete change to improve the problem of global income exemption system. To propose a concrete measure to legislatively improve it, it is as follows:First, it is necessary to reform the basic exemption in personal exemptions and to simplify the global income exemption system focusing on the basic exemption Second, if some items such as additional exemption for multiple children and special exemptions are to be left as before, there should not be any difference between different types of income. It should be changed to equally apply the exemptions provision to all types of taxable income. Third, regarding the purpose of the global income exemption system, there is no rational basis to limit the global income exemption system to taxpayers with global incomes. It should be corrected to allow an exemption for retirement incomes and capital gains. Fourth, as for a separate taxation on financial income, it should be corrected to permit taxpayers to choose between a separate taxation and a integrated taxation
KW - 인적공제(personal exemption);종합소득공제(global income exemption);최저생활비(minimum living expense);기본공제(basic exemption);소득세(income tax)
DO -
UR -
ER -

Wansouk Kim. (2010). The problem of the personal exemption system in the Income Tax Act. Public Land Law Review, 50, 393-414.

Wansouk Kim. 2010, "The problem of the personal exemption system in the Income Tax Act", Public Land Law Review, vol.50, pp.393-414.

Wansouk Kim "The problem of the personal exemption system in the Income Tax Act" Public Land Law Review 50 pp.393-414 (2010) : 393.

Wansouk Kim. The problem of the personal exemption system in the Income Tax Act. 2010; 50 393-414.

Wansouk Kim. "The problem of the personal exemption system in the Income Tax Act" Public Land Law Review 50(2010) : 393-414.

Wansouk Kim. The problem of the personal exemption system in the Income Tax Act. Public Land Law Review, 50, 393-414.

Wansouk Kim. The problem of the personal exemption system in the Income Tax Act. Public Land Law Review. 2010; 50 393-414.

Wansouk Kim. The problem of the personal exemption system in the Income Tax Act. 2010; 50 393-414.

Wansouk Kim. "The problem of the personal exemption system in the Income Tax Act" Public Land Law Review 50(2010) : 393-414.