88% of Employees Say "Accounting Disclosure Required if Labor Union Receives Tax Benefits"

Union members approve by 89.4%

A survey found that 88 out of 100 employed individuals support the disclosure of labor union accounting. They responded that since unions are eligible for tax credits, they should disclose their accounting like other donation organizations to ensure public interest and transparency.

The Ministry of Employment and Labor announced on the 23rd that a survey conducted from the 19th to the 21st of last month targeting 1,000 employed people regarding the "plan to grant tax credit benefits on union dues if unions disclose their accounting" showed that 88.3% responded, "Since unions also receive tax benefits, they should disclose accounting at the level of other donation organizations."

Among the respondents, an additional opinion survey was conducted with 160 union members. The opinion that unions do not operate union dues transparently was 48.1%, similar to the 46.3% who believed they do operate transparently. 89.4% of union members supported granting tax credit benefits on union dues conditional on union accounting disclosure. 70% of union members expected that unions would disclose accounting if the government linked union accounting disclosure with tax credits.

Meanwhile, on the same day, the People Power Party's Special Committee on Labor Reform announced two amendments: the Enforcement Decree of the Labor Union Act to strengthen union accounting transparency and the Enforcement Decree of the Income Tax Act related to linking union tax credits with accounting disclosure. Minister Han said, "It is not appropriate for public funds, including taxpayers' money, to be used for unions without accounting transparency," adding, "We will promptly amend related laws in consultation with relevant ministries and establish the foundation for union accounting transparency."

Kim Ki-hyun, leader of the People Power Party, is speaking at the Civil-Party-Government Council on Strengthening Transparency in Labor Union Accounting held at the National Assembly in Yeouido, Seoul on March 13. Photo by Kim Hyun-min kimhyun81@

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