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The Reason Why South Korea Cannot Increase Income Tax

  • Written Language: Korean
  • Country: All Countriescountry-flag
  • Economy

Created: 2025-06-23

Created: 2025-06-23 15:51

The reason why Korea cannot increase income tax


Nordic countries have high income taxes, so they have many welfare systems. However, in the case of Korea, there are many saying that it doesn't fit the reality because if income tax increases that much, the number of people who work hard to become rich will disappear.

But in the case of Finland, I learned that young people challenge startups a lot, even though it is a country with high income tax. Then, why can't we be like Finland, and why is it structured so that we can't collect a lot of income tax?



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