[Bills in Focus] Union transparency, eased disclosure rules and emissions control in cement plants
PoliticsJun 12, 2023
Proposed bill: Partial Amendment to the Income Tax Act Proposed by Rep. Suh Bum-soo (People Power Party) ● The current legal system classifies membership fees paid by trade union members as general donations. However, trade unions are not obliged to submit a statement of account for public disclosure, as this obligation is limited to non-profit, non-governmental organizations designated as “organizations for public interest” by the Minister of Economy and Finance. In order to enhance