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South Korea Looks To Plastic Surgery For New Taxes

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http://www.telegraph.co.uk/finance/economics/10230970/South-Korea-looks-to-plastic-surgery-for-new-taxes.html

Seoul has announced plans to levy a 10pc sales tax on popular cosmetic procedures such as lip augmentation, chin reduction and body hair removal, from 2014, in a bid to address increased cost demands of a rapidly ageing population.

Until now, only the "big five" treatments - nose jobs, liposuction, facelifts, breast jobs and double-eyelid surgery - have been subject to the tax.

Plastic surgery is something of a national obsession in South Korea, which tops the global rankings for the number of procedures per capita, and where one in every five women is estimated to have undergone at least one procedure.

"Our taxes on medical treatments for cosmetic purposes are revised in line with global standards," the country's finance ministry said in a statement, adding that most advan

..

South Korean President Park Geun-Hye, who took office in February, promised a horde of new welfare programmes for the poor and the elderly during her presidential campaign.

The plastic tax recovery.

Great plan providing plastic surgery doesn't fall out of vogue.

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