Post
Topic
Board Economics
Re: Korea proposes 20% tax on crypto trading starting 2021
by
exstasie
on 23/07/2020, 08:57:12 UTC
High taxes are really hurting our pockets, especially if we are South Koreans. This is definitely too much if I were a South Korean crypto trader. If the reason to set this high tax percentage for the purpose of recovering the economy, this isn't good at all. South Korea can definitely recover their economy without the need of targeting cryptocurrency traders who are living there.

I pay a lot more than 20% myself.

I hate taxes as much as the next guy, but 20% doesn't seem half bad. Stock traders in South Korea get taxed on capital gains at 22%.