The presidential office is negative about the proposal of budget arbitration by National Assembly Speaker Kim Jin-pyo, whose main goal is to reduce the highest corporate tax rate by 1 percentage point (p).



It is judged that lowering the corporate tax rate by 1%p is close to 'simulating a reduction in the corporate tax rate'.



The President's office said that "there is no official position" regarding Chairman Kim's mediation plan.



However, internally, the general atmosphere in the presidential office is that it is difficult to accept Chairman Kim's arbitration proposal.



An official from the Presidential Office said, "Corporate tax is linked to the fundamental blueprint for how to manage the country's livelihood." came out,” he explained.



At the same time, he expressed a negative perception, saying, "The chairman also suggested it in order to draw out the agreement between the ruling and opposition parties, but it is not a part to decide with 1% simply by adding or subtracting."



A passport official who is familiar with the circumstances of the President's Office nailed it, saying, "A 1%p cut is a ridiculous story."



The Office of the President continues to emphasize the statistic that there is a 10.5%p difference between Samsung's corporate tax effective tax rate and its competitor, Taiwan's TSMC effective tax rate.



President Seok-Yeol Yoon also directly stated the need for corporate tax cuts.



Earlier, at a weekly meeting with Prime Minister Han Deok-soo held at the Presidential Office on the 12th, he said, “It is not only for large companies to reduce taxes, but to increase investment and jobs for all companies to enhance the vitality of the economy centered on the private sector.” said.



There are voices of dissatisfaction inside and outside the presidential office about the move to cut the budgets of institutions established by enforcement decree under the new government, such as the Police Department of the Ministry of Public Administration and Security and the Personnel Information Management Team of the Ministry of Justice, and spend them as reserves.



An official from the presidential office pointed out, "The institutions were created according to the needs of state affairs, but shouldn't the National Assembly support them so that they can function normally?"



A passport official also criticized, "Tailing the police department, etc., which has nothing to do with the budget, is a hindrance to state affairs."



(Photo = Yonhap News)