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Tax hikes set to be on table amid rising debts
Posted : 2021-03-09 11:58
Updated : 2021-03-09 15:45
Tax hikes are looking to happen in South Korea even under the toll of COVID-19 s economic impact that has already been heavy on shoulders of many citizens, especially small-to-medium size business owners and temporary workers. Korea Times file
Raising taxation may not sound plausible for now as households and companies are still struggling to bear the brunt of the COVID-19 pandemic, but talks of tax hikes are set to simmer in South Korea to help repair the state coffers amid growing national debt.