The Organization for Economic Cooperation and Development (OECD) has recommended that South Korea shift its tax burden from transaction-based to property-based taxes. Currently, the country has a higher share of transaction taxes like the real estate acquisition tax, while property taxes such as the real estate holding tax and the comprehensive real estate tax are relatively low. The OECD also highlighted the need to reform the stock dividend tax and the inheritance tax to prevent them from being used as tax avoidance tools.

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