Arab Today, arab today official s korea working on details of \unification tax\
Last Updated : GMT 13:20:23
Arab Today, arab today
Arab Today, arab today

Official: S. Korea working on details of \'unification tax\'

Arab Today, arab today

Arab Today, arab today Official: S. Korea working on details of \'unification tax\'

Seoul - Yonhap

South Korea is mapping out the details of a special tax that would help finance the massive costs of potential unification with North Korea, a senior official has said. Talk of a unification tax in the South has triggered angry protests from North Korea, which has long suspected that Seoul could seek to absorb its impoverished northern neighbor. There are no clear signs that the two Koreas, divided for nearly six decades, could be reunited anytime soon, especially amid lingering tensions over Pyongyang\'s two deadly attacks on the South last year. Still, Seoul has been working on the blueprint since last year when President Lee Myung-bak first floated the idea of using taxpayers\' money to cushion the cost of unification, which analysts say would be astronomical. Lee has since said that South Korea has come closer to unification with North Korea and that the event would come unexpectedly, stressing unification is not a matter of choice, but a must. \"We are considering using the tax\" to partly fund unification, but \"we are working on a plan in a way that would not be a big burden on working-class citizens,\" the senior official said, without elaborating. Another official handling the issue said South Korea is eyeing setting aside more than 12 trillion won (US$11 billion) to cover potential unification. The two officials made the comments in a meeting with reporters near the border with North Korea on Friday. They spoke on the condition of anonymity, citing the issue\'s sensitivity. Experts estimate it could cost South Korea more than US$1 trillion to unify with the North, whose per capita income is about 5 percent the size of the Asia\'s fourth-largest economy. Earlier this year, a dozen ruling and opposition lawmakers introduced a bill that would make it legal for South Korean taxpayers to shoulder the cost. No major progress has since been made yet. On Saturday, the North\'s official Korean Central News Agency blasted Seoul\'s proposed unification tax, denouncing it as a \"war tax\" to realize what it claims is Seoul\'s plan to invade the North. North Korea has frequently accused South Korea and the United States of plotting to invade the North, a charge that Seoul and Washington have repeatedly denied. The U.S. keeps some 28,500 troops in South Korea as a legacy of the 1950-53 Korean War, which ended in a cease-fire, not a peace treaty, leaving the two Koreas technically still at war.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today official s korea working on details of \unification tax\ Arab Today, arab today official s korea working on details of \unification tax\

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today official s korea working on details of \unification tax\ Arab Today, arab today official s korea working on details of \unification tax\

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Saudi witnessing a remarkable growth

GMT 09:57 2017 Saturday ,23 September

Saudi witnessing a remarkable growth
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today US-made bomb used in fatal strike

GMT 10:16 2017 Saturday ,23 September

US-made bomb used in fatal strike
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday