http://fortune.com/2018/01/22/south-korea-bitcoin-exchange-tax/
Seems like you can chalk up some of todays low's as the Korean Gov laying the smack down.
How can South Korea government apply this tax? they can’t stop p2p selling.Quote
South Korea’s government is hitting the country’s cryptocurrency exchanges with massive tax demands, in its latest attempt to rein in the booming and volatile sector.
According to a finance ministry official, cited in a Yonhap report on Monday, South Korean cryptocurrency exchanges will this year need to pay 22% corporate and 2.2% local income taxes on last year’s earnings by the end of March and April respectively, if they had an annual income of over 20 billion won ($18.8 million) during 2016.
According to a finance ministry official, cited in a Yonhap report on Monday, South Korean cryptocurrency exchanges will this year need to pay 22% corporate and 2.2% local income taxes on last year’s earnings by the end of March and April respectively, if they had an annual income of over 20 billion won ($18.8 million) during 2016.
Seems like you can chalk up some of todays low's as the Korean Gov laying the smack down.
groups and forum like this can break this high fee.
they will reduce demand but can’t ban it.
They are applying the tax to the exchanges. Who do you think will ultimately pay that fee? Companies don't just eat 22% tax and let you continue on as normal.
