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Reforms of Korean tax system to transform into a welfare-led economy
- Reforms of Korean tax system to transform into a welfare-led economy
- Jeong, Seeun
- Chungnam National University
| Title |
Reforms of Korean tax system to transform into a welfare-led economy
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| Material Type | Article |
| Author(English) |
Jeong, Seeun |
| Publisher |
[Chungnam] : Chungnam National University |
| Date | 2015-01 |
| Pages | 18 |
| Subject Country | South Korea(Asia and Pacific) |
| Language | English |
| File Type | Link |
| Subject | Economy < Financial Policy |
| Holding | University of Amsterdam |
| License |  |
Abstract
The neo-liberal and export-led growth model has proved to meet its limitations in the past two decades and the Korean model has to change into an alternative model based on wage and welfare-led growth. The goal of this paper is to propose the direction of tax reform which can support that change. In effect, the tax system has been a vehemently debaded issue in the past years since the previous government implemented the smaller government and tax cut policy. In order to propose a desirable tax system, this paper examines the limitation of the current growth model, traces the evolution of the Korean tax system from the industrialization period, and compares it and those of other OECD countries. (The rest omitted)
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