“A request to the Democratic Party… “Let’s implement a gold investment tax and pass the Prosecution Reform Act.”
“We need to abolish the prosecutor’s office that looks after stock price manipulation, not the gold investment tax.”
Cho Kuk, leader of the Cho Kuk Innovation Party, is attending and sitting at the party’s supreme committee meeting held at the National Assembly in Yeouido, Seoul on the 17th. Representative Cho Kuk said at the meeting that day, ‘I humbly accept the election results.’ 2024.10.17.[서울=뉴시스]”/>
Cho Kuk, leader of the Cho Kuk Innovation Party, said on the 19th, “If the bill to abolish the investment income tax on investment (gold investment tax) is submitted to the plenary session, the Cho Kuk Innovation Party will vote against it.”
Representative Cho wrote on his Facebook page this morning, “I respectfully request the Democratic Party,” and “Let’s implement the gold investment tax as planned and quickly pass the four prosecution reform laws proposed by the Homeland Innovation Party.”
He said, “The stock market will not survive only if the gold investment tax is abolished, and the stock market will survive only if the Prosecutors’ Office, which looks after the ‘living power’ who earned 2.3 billion won after engaging in stock price manipulation, is abolished.”
He added, “Let us recall the false propaganda that said the economy would be ruined if the real-name financial system was implemented,” and added, “Let us also remember that ‘separation of investigation and prosecution’ was an issue on which the ruling and opposition parties signed an agreement at the end of the 21st National Assembly.”
The gold investment tax is a system that imposes a tax of at least 20% on investors who earn more than 50 million won per year from financial investments such as stocks. In 2020, during the Moon Jae-in administration, the Ministry of Strategy and Finance proposed a revision to the Income Tax Act, which was scheduled to be implemented in 2023, but the 21st National Assembly postponed it for two years, so implementation was postponed to January 1 of next year. However, as public opinion on the gold investment tax deteriorated due to the slump in the domestic stock market, the Democratic Party delegated the decision on implementation, postponement, and abolition of the gold investment tax to its leadership.
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