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Tax collection falls due to high interest rates US fiscal deficit doubles, Korea follows suit The New York Times reported on the 5th that as high interest rates continue for a long time and tax collections fall, the U.S. federal budget deficit will “double.” In Korea, too, national tax revenue has decreased by 43 trillion won as of July due to the prolonged high interest rate, the fiscal deficit..

Korean government securities firm in trouble for betting on interest rate cut with possible 7% government bond yield When the possibility of a government bond yield of 7% appeared in foreign media, the Korean government and securities companies that had bet on ‘interest rate cuts after the middle of the year’ found themselves in an awkward position and set the target of criticism as ‘young peopl..

As the sub’electric vehicle subsidy rules’ of the US Inflation Reduction Act (IRA) were announced, the Korean government and media interpreted it as a ‘battery subsidy’. The U.S. Department of the Treasury announced on the 31st that it would implement a rule from the Internal Revenue Service that requires automakers to certify that their vehicles meet parts and mineral requirements. In the regul..

South Korea requested a “commercial electric vehicle (EV) tax credit” from the U.S. Treasury Department, and Toyota Motor Corp., GM Tesla, and others expressed their “opposition” opinions. On the 6th, the Korean government issued a public comment on the US Inflation Reduction Act (IRA) to the US Internal Revenue Service (IRS-2022-0027-0001) (The Government of Korea's Comments on the Implementati..