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Article: KOREAN GOVT WON'T CONSIDER FURTHER CUT IN CORPORATE TAX RATE.
- Article from:
- AsiaPulse News
- Article date:
- June 11, 2002
CopyrightCOPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SEOUL, June 11 Asia Pulse - The government will not consider lowering corporate tax rates, a Ministry of Finance and Economy official said Tuesday.
The official cited "too much dent to tax revenues" from any further corporate tax rate cut, noting, "We've already lowered the corporate tax rate by one percentage point last year".
The corporate tax rate for the taxable amount of ...