The ecological tax reform that Germany implemented between 1999 and 2003 increased energy tax rates-especially on gasoline and diesel. Today, the ecological tax hikes yield an annual revenue of around 20 billion euros or 0.6 percent of GDP. The money is used to finance a higher federal grant to...

In the 2010s, the Korean government revised the Income Tax Act to increase the tax burden for retirement income paid in a lump sum. The reform gradually increased the tax from 2015 to 2020. In addition, if a plan member transfers retirement income to the individual retirement pension account to...