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"Insufficient Preparation for Virtual Asset Tax" vs "Coinone Must Tax Gambling Profits"… Continued Conflict Over Virtual Asset Tax [Issue]
- Recently, the debate related to the virtual asset tax has been heating up.
- The difference in opinions between the political power and experts is having a concentrated impact on virtual asset investors.
- The tax policy due to insufficient preparation is likely to cause confusion for investors.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Crypto influencer Bulgae Mi is holding a one-person protest in front of the National Assembly on the 27th. Photo=Provided by Bulgae Mi
The debate over the virtual asset (cryptocurrency) tax is heating up.
On the 27th, there was a one-person protest against the virtual asset tax in front of the National Assembly. Introducing himself as Bulgae Mi Crypto (also known as Lee Ha Bulgae Mi), he said, "I thought that the financial investment income tax (financial investment tax) would be abolished, and naturally, Coinone tax would also be exempted, but the situation is different from what I expected," he said. He added, "I studied a lot about the virtual asset tax for the protest, but I think it's a law that shouldn't be enforced," he said.
On the same day at 10 a.m., a press conference demanding the virtual asset tax was held at the same location. On this day, the Justice Party held a press conference in front of the National Assembly and said, "After the emergence of a new asset called virtual assets a few years ago, we have been working hard to come up with a plan to impose taxes on places with income," and criticized, "However, the government is always lenient on this."
At the joint press conference, Lee Byung-yoon, a representative of the Labor Party, also said, "If you aim for a tax exemption of 50 million won, most investors will be excluded from the tax target," and argued, "The lack of preparation is not a clear excuse for tax exemption."
He continued, "Virtual asset investment is a representative non-labor income, and Coinone investment is pure gambling," and argued, "In the labor income, taxes are imposed without exception, and virtual assets cannot be taxed if not taxed."
Photo=Provided by the Justice Party
Opinions Supporting "Taxes on Places with Income," but Insufficient Preparation...
In the ongoing conflict over the virtual asset tax, only virtual asset investors seem to be harmed. Bulgae Mi said, "The issue of virtual asset tax has become a political problem as the ruling and opposition parties are facing each other," and said, "In fact, virtual asset investors are only trying to change the virtual asset tax harmoniously."
He also said, "I agree with the idea that there are taxes on places with income," but also said, "All tax obligations must have clear items and guidelines, and tax items such as infrastructure must be specified in the law. Don't just say to pay taxes unconditionally, but pay attention to preparation," he said.
Bulgae Mi pointed out the current virtual asset tax plan as a problem with ▲income redistribution, ▲the fairness of the financial investment tax, ▲health insurance premium increase due to other income classification, and ▲tax liability for investors. He warned, "It's not that virtual asset investors are unconditionally opposed to the Democratic Party. However, if the virtual asset tax is enforced unreasonably with many problems, it will be a burden in the upcoming election."
Decision on Virtual Asset Tax Exemption, When Will It Be Made?
National Assembly / Photo=Son Min Blue Mingbit Reporter
However, as the protest and press conference are being held, the debate on the virtual asset tax continues to be delayed. The opposition party is not able to narrow the gap in their positions on the virtual asset tax.
The ruling party is considering raising the virtual asset tax exemption from 2.5 million won to 50 million won and plans to start the virtual asset tax from January 1, the scheduled enforcement date. Jin Sung-joon, chairman of the Democratic Party's policy committee, said, "The virtual asset tax, which is unrelated to the real economy, is different from the financial investment income tax (financial investment tax). It should be enforced for legal stability and predictability," and said, "Coinone is unrelated to the real economy. The party's position is to significantly increase the tax exemption to 50 million won to reduce the tax burden."
On the other hand, the government and the opposition party claim that the virtual asset tax should be viewed the same as the financial investment tax. Han Dong-hoon, the representative of the National Power Party, said, "The current young generation has fewer opportunities for asset formation and upward mobility. We need to quickly decide on the virtual asset tax and recognize virtual asset investment as a new asset formation tool," and explained, "The fundamental preparation for fair taxation on virtual assets has been insufficient, so it cannot be implemented in reality. We want to actively manage the virtual asset tax exemption."
Meanwhile, the planned Planning and Finance Committee meeting scheduled for today has been postponed again, delaying the discussion on the virtual asset tax. If November 30 passes, it is expected that the issue of the virtual asset tax will no longer be discussed in the current session.

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.PiCK News
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