PurposeThe purpose of this study is to consider the improvement of the real estate tax system, and the government has the right to intervene in the housing market in terms of protecting the housing rights of the people. However, even considering the nature of real estate as a public good, it would be undesirable to excessively use supplementary tax policies rather than prioritized policies such as supply policies and financial policies for real estate subject to market transactions. MethodologySince August 2017, the Moon Jae－in government has released about 20 real estate policies for about three years and has changed the real estate taxation system. FindingsSince the government’s real estate regulation plan is to curb speculative demand, normal real estate investment and business activities of individuals and corporations should be encouraged. ImplicationsTherefore, it is necessary to legislate in consideration of the tax equilibrium between individuals and corporations, avoiding the separate announcement of the real estate policy for individuals and the real estate policy for corporations without releasing the regulatory policy for individuals and the regulatory policy for corporations pursuing the different timely manner.
Im et al. (Mon,) studied this question.