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간접투자세제의 개선방안(Proposing a new tax policy on collective investments)

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  • 간접투자세제의 개선방안(Proposing a new tax policy on collective investments)
  • 홍범교; 김재진; 김진수; 전병목
  • 한국조세연구원


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Title 간접투자세제의 개선방안(Proposing a new tax policy on collective investments)
Similar Titles
Material Type Reports
Author(Korean)

홍범교; 김재진; 김진수; 전병목

Publisher

서울:한국조세연구원

Date 2008-12
Pages 188
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Economic Administration
Holding 한국조세연구원

Abstract

Collective investments are relatively new type of investments, gaining momentum in recent years in Korea. Many factors such as deregulation and globalization of financial markets, introduction of new financial products including derivatives contributed to the increase of investments in funds. By relying on the expertise of fund managers, general investors can expect higher returns though they have to pay some kinds of fees in return.
Recent global financial crisis made general investors more cautious in their investments in funds. But still the changed financial environment will surely make the collective investments a major form of investments in the future. Korean tax authority have made an announcement to reform the tax system related with collective investments. The Financial Investment Services and Capital Market Act that is to be effective in February 2009 allows many new forms of collective investment vehicles. The proposal to reform the current tax law meets many demands for the changed environments. But it falls short of a complete reform due to the neutrality principle between direct investments and collective investments. (The rest omitted)