Do you know about the gold investment tax that will be implemented next year?? There may be some who are not interested, but let’s learn a little about it on this occasion. The gold investment tax is a financial investment income tax. It literally means that if you make money through investment, you have to pay taxes. If it is implemented, if you make more than 50 million won in domestic stocks, you will definitely have to pay taxes. A whopping 22%
You may think it’s just a law to collect more taxes, but it’s not a simple problem. First, the exchange rate will rise, and it’s obvious that domestic stock funds will fall out a lot. That’s the money. Where does it go? The exchange rate has to rise further as it is exchanged into dollars, and real estate prices will rise accordingly. That’s because the money will also flow into real estate.
This will also be a big burden for young people who need to buy real estate. Some people may say it doesn’t matter because they invest in US stocks, but it does matter. After the implementation of the gold investment tax, it will change to withholding tax. In other words, if you make 100 million won in US stocks, you will receive 80 million won after deducting 20 million won in taxes…ㄷㄷ
The important thing is, if you lose 100 million won after that, will you automatically get 20 million won back?? No, you have to file a tax refund, which is incredibly complicated. And if you charge the big players a 22% tax, they will just run away, which will soon lead to a slump in domestic stocks.
It’s not a simple problem. The funny thing is, they say they’re collecting taxes from the top earners, but they’re also saying that they’re going to give tax breaks to the investments of members of the National Assembly…. The KOSDAQ trading funds are already noticeably decreasing just because of concerns about implementing the gold investment tax, but they’re saying that it has to be implemented next year, so what are we going to do…