Choo Kyung-ho on Corporate Tax Cut 'Wealthy Tax Cut' Controversy: "Misunderstanding... Relatively More Tax Cuts for Small and Medium Enterprises"

26th Government Questioning
"Only pointing out parts they want to see... Tax cuts applied not only to large corporations but also to small and medium-sized enterprises"

[Asia Economy reporters Oh Ju-yeon and Kwon Hyun-ji] On the 26th, Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho responded to criticism within the Democratic Party that the corporate tax cut is a "tax cut for the rich" by saying it is "pointing out only what they want to see" and that "there is a misunderstanding."

On the same day, Deputy Prime Minister Choo emphasized during the National Assembly's economic sector government questioning, "The tax cut was not only for some large corporations but also a substantial tax cut was given to mid-sized companies," adding, "The extent of the tax cut is relatively greater for small and mid-sized companies."

Regarding income tax reform, he also said, "We worked with consideration so that benefits would be given more to those in the relatively middle and lower income brackets."

This content was produced with the assistance of AI translation services.