Tag - Korea's income tax

Korea's income tax rate highest among OECD countries: report

South Korea’s highest income tax rate for high-income earners is already higher than the average of OECD states, a report said Monday, opposing a move by opposition lawmakers to further raise the rate for the highest income earners. The report from the Korea Economic Research Institute (KERI) noted the country’s highest possible income tax rate currently stands at 38 percent, compared with the average 35.9 percent of all member countries of the Organization for Economic Cooperation and Development. The report also [...]