A strange confrontation between the National Assembly and the government and the Blue House is forming over a plan that the government has decided to reduce the standard of large shareholders, which are subject to stock transfer gains, from 1 billion won to 300 million won.
While the ruling and opposition parties rarely came up with a probation for the reinforcement of the standard for large shareholders, which is expected to be implemented, the government and the Blue House said that it is difficult to withdraw from 1 billion won to 300 million won.
The problem of abolishing family aggregation also has a subtle temperature difference.
According to the Enforcement Decree of the Income Tax Act, starting next year, the stock holdings standard for determining whether or not the'large shareholder' is subject to stock transfer tax will be lowered from 1 billion won to 300 million won.
As of the end of this year, if the major shareholder makes a profit by selling the stock after April of next year, a 22-33% transfer tax (including local tax) is required.
At this time, the requirement for the majority shareholder is the principle of total family.
Political circles are competing against the proposal to strengthen the transfer tax standard.
On the 7th, at the National Audit Office for the Ministry of Strategy and Finance, a member of the Democratic Party's employment staff said, "The taxation equity is also important, but it is necessary to consider the impact on the market. Let's not lower the range of major shareholders. Let's just postpone it." I have the same opinions with the ruling party lawmakers. Since the law is enacted by the National Assembly, it will be possible to refer to the opinions of the Ministry of Information and collect the will of the opposition parties (maintaining the requirement of 1 billion won).”
The next day, a representative from the ruling party came out.
"As the (stock) capital gains tax will be fully introduced in two years, it is necessary to reconsider the easing of the requirements for large shareholders." There are many opinions that working hard is effective.”
These remarks were interpreted as a means of pursuing a plan to postpone the change of the major shareholder requirements to 2023 for two years.
The main idea of the proposal of Rep. Gyeong-ho Chu and Ryu Seong-geol, who submitted the bill earlier this week, is a plan to abolish the family abolition while keeping the current requirement for large shareholders at 1 billion won.
The government has issued an amendment that the policy to lower the requirement for major shareholders to 300 million won can be taken as it is, but a plan to eliminate the total number of households and convert to individual totals has been proposed, but both the opposition parties rejected this.
Deputy Prime Minister Hong Nam-ki and Vice Prime Minister of the Ministry of Strategy and Finance said in the audit of the state administration, "It is not easy for the government to change the law two years ago, and to go back to the end of the notice of 300 million won in the enforcement decree, considering policy consistency and equity income taxation."
As Congressmen Gyeong-ho Chu and Seong-geol Ryu submitted the bill, it is expected that this issue will eventually be discussed centering on the National Assembly.
However, it is of interest whether the ruling party will maintain the same position.
As the ruling party shares its opinions with the Blue House and the government, it is paying attention to what direction it will ultimately move.
Based on the current situation, the issue of deferring the reduction of the standard for large shareholders from 1 billion to 300 million, and the issue of eliminating the total number of families and converting each individual are the issues.
As the deadline remains until the end of the year, the effective date, the possibility of deciding the direction after examining the market conditions and public opinion trends is strong.
(Photo = Yonhap News)