Economic Bulletin | KDI 경제교육·정보센터

KDI 경제교육·정보센터

Economic Information and Education Center

Policy Issue

Tax Revision Bill

Tax Revision Bill: 2017 Revision Focuses on Job Creation and Redistribution The 2017 tax revision focuses on - Revising corporate tax incentives to promote job creation - Working on the redistribution of income - Seeking ways to ensure increased tax revenues to support the expansionary fiscal policies Work Report for H2 2017: Growth Through Innovation The Ministry of Strategy and Finance, Financial Services Commission and Fair Trade Commission presented their work report for the second half of 2017 on August 25. 1. Fiscal restructuring The Ministry of Strategy and Finance will carry out fiscal restructuring to successfully implement the new administrations economic policies, and at the same time will improve efficiency in the public sector and increase productivity of the economy. 2. Growth through innovation The Ministry of Strategy and Finance will help the economy achieve more than 3 percent growth as it will promote industrial innovation. The government will pursue innovation in the four areas: promoting cooperation between industries, establishing infrastructure to share innovative ideas, carrying out an innovation-friendly regulatory reform and providing a safety net to support startup ventures. * For further details, please refer to the attached file

Aug 2017