Article: New Korean administration proposes corporate tax cuts.

Byline: Bob Reynolds

Mar 30, 2008 (International Tax Review - ABIX via COMTEX) -- New corporate income taxes will be introduced in South Korea. DJ Yeo, of Korean law firm Kim & Chang, said the tax cut plan will go before the National Assembly in September 2008. Taxpayers will pay a 12 per cent tax on taxable income up to W200 million ($US212,000) and 24 per cent on anything above that in 2009. The following year, the upper rate will be cut to 23 per ...

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