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The extremely unreasonable nature of Korea’s stock transfer tax.JPG

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The National Tax Service is such a bunch of idiots.

If you earned 100 million won this year, 20 million won will be deducted in taxes.

If you lose 100 million won next year, it’s +-0 won, but you won’t get back the 20 million won you paid.

However, if you earn another 100 million won next year, 20 million won in taxes will be deducted again.

These guys are really crazy. Because of this, I can’t make a profit or sell anything. I’m afraid I’ll lose money on taxes.

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