If the cooperative corporation tax is raised, 2.75 trillion won in agricultural cooperative deposits will disappear... low-rate taxation must be extended.

Chairman Lim, who is also the Chairman of the National Assembly Planning and Finance Committee, There is concern that if the corporate tax for cooperative legal entities rises by 3 percentage points due to the government's tax reform, 2.75 trillion won will be lost from the agricultural cooperative, which will negatively impact the rural economy. Therefore, there is a call to extend the current low-rate tax system. Chairman Lim, a member of the People Power Party representing Sangju and Mungyeong, stated this during the Ministry of Economy and Finance's national audit on the 14th. He explained that the profit and loss structure of the agricultural cooperative is supported by the profits from credit businesses, which support agricultural support and distribution businesses. Chairman Lim said, "The recent tax special provisions limitation law extension proposal by the government raises the corporate tax rate for cooperative legal entities by 3 percentage points, creating a larger ...