Right now, there is no capital gains tax on Korean stock trading profits. Unless it's over $3.5 million.
Note again, for Korean stock market...
22
self-fix21 day ago
+11
This isn't about taxing capital gains on stocks.
It's floating taxation on operating profits of AI companies
11
BPhiloSkinner1 day ago
+6
There are profitable A.I companies?
I've been regarding the whole A.I 'business' as just another way to sucker CEOs into a scheme to replace humans with machines that supposedly cost less, and that they are giant economic pits into which business moguls throw bushels of cash as prayers to Mammon.
6
self-fix21 day ago
+9
According to Goldman Sachs, the operating profits of Samsung and Hynix combined are projected to become greater than the top 100 Japanese companies combined by 2028 thanks to HBM chips
9
BPhiloSkinner1 day ago
+6
Ah, yes. Profitable to sell the chips and other hardware.
I was thinking solely of the companies using the software.
Thank you for the additional data.
6
Haru1st23 hr ago
+1
Fair point. Time to tax the financial vehicles used to blow up these bubbles.
1
Iknowr1te1 day ago
+1
3.5m USD? or 3.5m won?
1
neverpost41 day ago
+2
$$$
2
Sad_Record_276721 hr ago
+1
3.5m krw. Roughly 3k USD
1
Witty-Raccoon-380420 hr ago
However, in Taiwan, TSMC workers cannot even protest. They are being prevented from exercising their rights by a pervasive web of surveillance in a country that supposedly guarantees the freedom to protest but effectively suppresses it. Don't forget that the average monthly wage for TSMC workers is only around $1,500, whereas Samsung workers are currently on strike despite earning more than double that, with an average monthly pay of around $3,300.
0
neverpost419 hr ago
Basically that is one of the major competitive advantage that TSMC has over Intel and Samsung.
After SK compensation for high tech workers were normalized, Sam Sung lost Apple SOC as its client.
0
Witty-Raccoon-380417 hr ago
However, TSMC is practically ready to become a Chinese company at any moment. People in Taiwan don't seem to have the will to defend themselves, do they? From a national security perspective, it could be a very dangerous company.
0
Smooth_Statement_3621 day ago
+4
lol , thesee tech boom lasts only untill taxman shows up !!!!
4
Nice-Mixing1 day ago
+4
Lucky for the US at least we have an extremely anti worker, pro billionaire party in power so all these tech companies will just be left alone as they continue ruining all our lives.
But hey trans people can’t use a bathroom in public, that’s what’s really important /s
4
NeofelisNight1 day ago
-2
A tax paid by the consumers then on the back end? So they are demanding to pay more?
15 Comments