The Tax Reform Proposal Review by the Planning and Finance Committee Fails... 4th Meeting Canceled

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] On the 24th, the National Assembly's Planning and Finance Committee's Tax Subcommittee's review of next year's tax reform plan was canceled.

The Tax Subcommittee of the Planning and Finance Committee reportedly canceled the 4th meeting scheduled for that afternoon.

The meeting was supposed to continue reviewing the tax reform plan, including the amendment to the Restriction of Special Taxation Act (Joteukbeop), but the meeting itself was ultimately canceled as the ruling and opposition parties failed to narrow their differences over the list of additional bills to be submitted.

The Tax Subcommittee has been reviewing bills since the 21st, but due to unresolved differences between the ruling and opposition parties, many bills remain on hold.

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