Public finance in Korea under Japanese rule: Deficit in the colonial account and colonial taxation |
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Affiliation: | 1. Department of Computer Science, COMSATS University Islamabad, Islamabad, Pakistan;2. Department of Computing and Mathematics, Liverpool John Moores University, Liverpool L3 3AF, United Kingdom;3. National Centre of Robotics and Automation, H-12, Islamabad, Pakistan;4. Department of Operations, Technology, Events and Hospitality Management, Manchester Metropolitan University (MMU), Manchester M156BH, United Kingdom |
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Abstract: | The government accounts of the Japanese Empire with two of its major colonies, Taiwan and Korea, are compared for the colonial period 1903 (Taiwan) or 1911 (Korea) through 1938. Korea appears undertaxed by comparison to Taiwan or Japan. This appears to be due to lower per capita income but also to the loss of customs revenues and income tax revenues caused by Japanese colonial policy. These policies, despite subsidization of the Korean colonial government by Japanese taxpayers, did not increase national welfare. |
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