@article{ART001851565},
author={Park, Jong-Su and Seo, Bo Cook},
title={Study on Conversion of Comprehensive Real Estate Holding Tax to Local Tax},
journal={Public Land Law Review},
issn={1226-251X},
year={2014},
volume={64},
pages={133-155}
TY - JOUR
AU - Park, Jong-Su
AU - Seo, Bo Cook
TI - Study on Conversion of Comprehensive Real Estate Holding Tax to Local Tax
JO - Public Land Law Review
PY - 2014
VL - 64
IS - null
PB - Korean Public Land Law Association
SP - 133
EP - 155
SN - 1226-251X
AB - This article aims at the discussion about conversion of Korea’s comprehensive real estate holding tax to local tax. Korea has introduced since 2005 the comprehensive real estate holding tax to reduce and prevent real estate speculaltion. But today real estate speculation is in Korea quite a lot disappeared. Now the comprehensive real estate holding tax function actually as a wealth tax. In this context since 2009 the Korean Government examines to convert the comprehensive real estate holding tax to local tax. The comprehensive real estate holding tax causes too heavy tax burden to taxpayers. It could overpass the constitutional limits. There are three ways of conversion methods have been suggested. The first one is simply to incorporate the comprehensive real estate holding tax and property tax. The second one is to abolish the comprehensive real estate holding tax. And the last one is to merge the comprehensive real estate holding tax into local tax system as a independent local tax. The author thinks the last one is appropriate in korean situations. The taxing power should be given to metropolitan local government. It accord with the spirit of local government act. Taxing of metropolitan local government requires huge informations about real estates over the country. The conversion of comprehensive real estate holding tax to local tax requires also a measure of financial adjustment. It is expected along the process of national assembly more intensive and academic in-depth study is to be held. The author wishes this article could contribute as a flare of that intensive in-depth study.
KW - Comprehensive Real Estate Holding Tax;Property Tax;State Tax;Local Tax;Local Government
DO -
UR -
ER -
Park, Jong-Su and Seo, Bo Cook. (2014). Study on Conversion of Comprehensive Real Estate Holding Tax to Local Tax. Public Land Law Review, 64, 133-155.
Park, Jong-Su and Seo, Bo Cook. 2014, "Study on Conversion of Comprehensive Real Estate Holding Tax to Local Tax", Public Land Law Review, vol.64, pp.133-155.
Park, Jong-Su, Seo, Bo Cook "Study on Conversion of Comprehensive Real Estate Holding Tax to Local Tax" Public Land Law Review 64 pp.133-155 (2014) : 133.
Park, Jong-Su, Seo, Bo Cook. Study on Conversion of Comprehensive Real Estate Holding Tax to Local Tax. 2014; 64 133-155.
Park, Jong-Su and Seo, Bo Cook. "Study on Conversion of Comprehensive Real Estate Holding Tax to Local Tax" Public Land Law Review 64(2014) : 133-155.
Park, Jong-Su; Seo, Bo Cook. Study on Conversion of Comprehensive Real Estate Holding Tax to Local Tax. Public Land Law Review, 64, 133-155.
Park, Jong-Su; Seo, Bo Cook. Study on Conversion of Comprehensive Real Estate Holding Tax to Local Tax. Public Land Law Review. 2014; 64 133-155.
Park, Jong-Su, Seo, Bo Cook. Study on Conversion of Comprehensive Real Estate Holding Tax to Local Tax. 2014; 64 133-155.
Park, Jong-Su and Seo, Bo Cook. "Study on Conversion of Comprehensive Real Estate Holding Tax to Local Tax" Public Land Law Review 64(2014) : 133-155.
