Won Yun-hui. He felt a little anxious about the heavy responsibility but revealed a confident belief that the tax system reorganization would be worthy of one who immerses himself into tax system reserch. In a recent interview he emphasized that tax should not be used for special purpose such as controlling real-estate speculation. When tax intervenes in the market, it leads to a phenomenon whereby tax distorts the market and vice versa.
He said “When introducting a new tax system the influence is only felt after a certain period of time. Because there is a gap between the period of creating new market conditions and the influencing upon market conditions.”
The UOS Times
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