On 6 August 2014, Korea's Ministry of Strategy and Finance released the proposed 2014 Tax Revision Bill. The proposed bill gives focus to four main areas:
- Stimulate the economy: boost household income, increase investment and consumption, create jobs, support SMEs and startups, provide business inheritance support, and boost corporate competitiveness
- Strengthening welfare programs: support low-income groups, support the elderly, housing support, and improve quality of life
- Fair taxation: rev…