[ People Power Party, 'Abolition of Digital Asset Tax' Income Tax Law Amendment Proposal ] - People Power Party's floor leader Song Eon-seok has proposed a partial amendment to the Income Tax Act to abolish the digital asset tax that was scheduled to take effect in January next year. - This is a response to the criticism that while capital gains tax is not imposed on stocks after the abolition of the financial investment tax, it is unfair to impose taxes only on virtual assets. - The recent reclassification of digital assets as commodities by the SEC has also served as a basis for the bill's promotion, as it indicates that the current taxation system focused on other income is inappropriate. 💡 The opposition party has initiated the cancellation of the virtual asset tax, using the abolition of the financial investment tax and the SEC's change in asset classification criteria as justification. ✉️ Click here to read the full newsletter: