Lee Jae-myung: "Maintain Tax Reduction Benefits for Farmers, Fishermen, and Cooperatives for 5 Years"

[Asia Economy Reporter Oh Ju-yeon] Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, announced on the 1st that "we will maintain tax reduction benefits for farmers, fishermen, and cooperatives to ensure stable income and strengthen competitiveness."

On the same day, through his 83rd small but certain happiness pledge, Candidate Lee stated, "The tax reduction benefits are operated under a sunset system that is extended every two years, causing repeated anxiety and inconvenience for the parties involved, resulting in unnecessary social costs. Going forward, we will maintain various tax reductions and low tax rates for farmers, fishermen, and cooperatives for the next five years."

He added, "Furthermore, we will consider expanding the zero VAT rate items for agricultural and fishery equipment," emphasizing, "We will continuously strive to ensure stable income for farmers and fishermen and to build a competitive foundation for cooperatives in agriculture and fisheries."

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