Minister of Land, Infrastructure and Transport candidate Byeon Chang-heum said on the 21st that the property tax should be strengthened to block unearned income.
Candidate Byun made such a statement in the response to the personnel hearing submitted to the National Assembly that day, in response to the Democratic Party's Rep. Park Sang-hyuk asking his position on measures to strengthen the ownership tax, including the comprehensive real estate tax.
Candidate Byun said, "According to the principle of fair taxation, the higher the price, the more homes you have, the need to be strengthened," he said.
At the same time, he said, "I know that the tax rate for multi-homed people has been strengthened through the July 10 measures."
Regarding the claim that strengthening the real estate ownership tax is a punitive taxation, Candidate Byun said, "Since housing is an essential commodity for human life, social costs are inevitably higher when subjected to speculation, so I think that regulation to eradicate speculation demand is necessary. I answered.
Candidate Byun added, "We have already given the benefits of tax deductions and capital gains tax deduction for one homeowner in one household, and we will see if there are any deficiencies."
Regarding the measures to ease the taxation tax on single-family dwellers recently claimed by some, the answer was "I know that various tax burden reduction benefits are being granted to alleviate the ownership tax burden for the common people and real consumers."
He said, “In the case of taxation, a basic deduction of 300 million won is added for one household and one homeowner, special deductions for seniors and long-term holdings are in operation. I know it's going to happen."
Regarding the'tax bomb theory' that some people are raising against the increase in the taxation tax, they affirmed that it is'not appropriate'.
He said, "The tax is levied only on expensive houses or some who own a large number of houses. In order to prevent a sudden increase in the tax burden, the tax burden ceiling is also in operation." "I don't think the expression of the tax bomb theory is appropriate because we are operating various tax reduction benefits such as up to 70% tax reduction through deduction."
'In the question of whether the transfer tax is a transaction tax or a holding tax, it is sometimes recognized as a transaction tax because it occurs at the transaction stage, but I think it is a type of income tax that is levied as gains such as earned income and financial income are generated.' Said.
When asked about the recent government announcement on the roadmap for realization, Candidate Byun said, "Since the published price is the basis for fair taxation and the equity of the welfare system, it is necessary to reflect the appropriate market price through rational valuation."
Regarding the strengthening of the transfer tax, Candidate Byun evaluated that "The strengthening of the heavy tax rate on the transfer of housing for speculative purposes, such as multi-homeowners and short-term owners, contributed to the realignment of the end-user-centered housing market, such as increasing the proportion of homeless people among buyers."
Candidate Byun said, "I think this realization plan should be promoted smoothly as it was established through a public hearing, the Central Real Estate Price Disclosure Committee, and related ministries in accordance with the underlying laws and regulations." We discussed and reviewed it with the relevant ministries, and we will continue to respond to necessary issues through monitoring.”
Regarding the claim that property tax has soared due to the public price increase, "Houses with the public price of 600 million won or less that can benefit from the property tax reduction account for 95% of the total housing, and many citizens who own one mid- to low-priced house can receive the effect of easing the tax burden. I have."
He said, "Since the recent property tax rate reduction measures will be applied for three years until 2023, it is necessary to comprehensively analyze the housing market situation and the effect of realizing published prices, and discuss future countermeasures with relevant ministries."
(Photo = Yonhap News)