Reserve money accumulated in dollars
Tax exemption if distributed domestically
In fact, even when the exchange rate exceeded 1,450 won in the second half of 2022,
This was a policy that the government and authorities at the time introduced temporarily for one year.
At the time, thanks to this, large corporations reserved overseas subsidiaries.
We distributed everything to the domestic headquarters and saved a lot of tax.
Thanks to this, the exchange rate is stable due to the exchange supply and demand.
This time, I brought it to the foreign exchange authorities in the same way.
The effect will be very great.
But this is the problem again
In the future, from the perspective of large corporations, financial strategic
Eliminate domestic factories and enter overseas factories directly.
The money earned there is not distributed domestically.
After collecting it
When the won-dollar exchange rate skyrockets and the foreign exchange authorities introduce a tax exemption policy for dividends from overseas corporations, if you distribute dividends domestically, you will get all the tax benefits and make a huge profit. (On the other hand, if you build a factory in Korea and export it to earn money, you will be subject to corporate tax.)
There will be trouble in the future due to the learning effect of large companies.