Monday, February 4, 2013

Korean Income Tax Set to Rise

to 18.7% (from around 11% now).

Not a massive increase and still far less than in most western countries, but enough to make Korea less profitable or, to put it another way, to make somewhere like Taiwan or Japan not feel like such a loss.

I will have to wait until my next paycheque to see how bad it really is, but it just seems like yet another push to get me from Korea to another country. As I have said before my school will determine most of my decisions for 2013 but it has really got me thinking more about Taiwan.


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