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LOWER TAXES, TRANSPARENT ACCOUNTING WILL REDUCE TAX EVASION: KDI.
Publication: AsiaPulse News Publication Date: 31-JAN-02 |
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COPYRIGHT 2002 Asia Pulse Pty Ltd
SEOUL, Jan 31 Asia Pulse - A state-run think tank Thursday called for the government to maintain low tax rates, simplify the tax system and promote transparency in corporate accounting to reduce the hiding of revenue in the underground economy which was estimated at 14.3 per cent of the gross national product (GNP) in 1995.
In a report on the state budget and policy targets, the Korea Development Institute...
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