A Tax Bomb Without Selling a Single Share: Why the Tesla-SpaceX Merger Could Hit Korean Retail Investors with a 22% Capital Gains Tax
As the Tesla-SpaceX merger becomes increasingly likely, concerns are growing that Korean retail investors ('Seohaengaemi') who haven't sold a single share could face up to 22% capital gains tax. We examine the 'tax equity' controversy that has driven investors to petition the National Assembly.