S.Korea to lift special excise tax on most items

Newswire

SEOUL, Sept 1 (Reuters) - South Korea's finance ministry agreed on Wednesday to a ruling party proposal to scrap special excise taxes on all but eight items and to seek parliamentary approval for the measure soon, the Uri Party said. A party statement said projection or plasma display panel televisions, air conditioners and 21 other items would no longer be subject to the tax, which was designed to discourage consumption of luxury goods and some entertainment services. The eight items ...

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