Taxation Windfall Internationalization Korean Capital Markets

International Monetary Fund

No 1990/054, IMF Working Papers from International Monetary Fund

Abstract: The paper describes the evolution of the corporate stock and bond markets in Korea and the Government’s role in this evolution and its policy with regard to internationalization of the capital market. The paper analyzes problems encountered in gradually opening the Korean capital market to foreign participation and suggests alternative methods of taxing the windfall that will be generated. It also discusses the desirability of taxing the capital gains on financial assets as part of the global income tax in Korea.

Keywords: WP; convertible bond; price index; share price; U.S. dollar; bond issue; market value; price-earnings ratio; capital base; investment-trust type share; composite index; Stock markets; Asset valuation; Capital markets; Stocks; Capital gains tax; Europe; Global (search for similar items in EconPapers)
Pages: 44
Date: 1990-01-01
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=30195 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:1990/054

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().