Lawmakers move for partial tax exemption on stock trades with no gains

People Power Party Rep. Ahn Cheol-soo proposed a bill revision Tuesday that would exempt investors from certain taxes if they sell shares without making a profit. Ahn, a four-term lawmaker and former software entrepreneur, jointly introduced a partial revision to the Act on Restriction on Special Cases Concerning Taxation, along with nine other members of the People Power Party. Under the proposal, both the securities transaction tax and the special rural development tax will be waived when a st

By The Korea Herald