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SOUTH KOREA TO CUT CORPORATE TAXES IN JUNE.
SEOUL, May 1 Asia Pulse - South Korea plans to cut corporate tax next month to help spur economic growth, a senior government official said Thursday, as the global slowdown puts the brakes on Asia's fourth-largest economy.
"Following oil tax cuts, the government plans to improve conditions for private investment by cutting the corporate tax rate in June," Vice Finance Minister Choi Joong-kyung told SBS radio earlier in the day.
South Korea is expected to cut the maximum corporate tax rate to 22 per cent from 25 per cent.
On Monday, the finance ministry admitted that the economy was already entering a "downward phase" and said it will take measures to adjust the pace of the downturn.
The Bank of Korea said last week the economy accelerated a meager 0.7 per cent from the quarter before in the first-quarter of 2008, citing weakening consumption amid the rising ...
- SOUTH KOREA'S CORPORATE TAX RATES STILL HIGH: FINANCE MINISTER.
- News wire article from: AsiaPulse News September 3, 2008 700+ words
...SEOUL, Sept 3 Asia Pulse - South Korea's finance minister said Wednesday that the country's corporate tax rates remain high, signaling...question of whether he thought corporate tax rates were still high, Finance...experience that lowering corporate tax rates will only ...
- SOUTH KOREA OUTLINES PLANS TO CUT CORPORATE TAX AUDITS.
- News wire article from: AsiaPulse News January 24, 2008 700+ words
SEOUL, Jan. 24 Asia Pulse - South Korea plans to reduce the number of corporate tax audits it will conduct this year, while increasing...intervention." The NTS has conducted "routine" corporate tax audits under the incumbent President Roh Moo...
- FOREIGN COMPANIES' CORPORATE TAX IN SOUTH KOREA DOUBLES IN 2005.
- News wire article from: AsiaPulse News January 5, 2007 700+ words
SEOUL, Jan 5 Asia Pulse - Foreign companies' corporate tax in South Korea more than doubled in 2005 from a year earlier...902.1 billion won (US$909.5 million) in corporate tax in 2005, up 129 per cent from 393.9 billion won...
- SOUTH KOREA: S. KOREA POSTPONES CORPORATE TAX PROBES UNTIL 2ND HALF.
- Newspaper article from: IPR Strategic Business Information Database February 7, 2001 700+ words
According to South Korea Daily (February 6, 2001), tax probes of corporations, especially investigations on the change of stock ownership, are going...
- S.KOREA'S CORPORATE TAX REVENUE LIKELY TO FALL 9.4 PCT IN 2006.
- News wire article from: AsiaPulse News November 14, 2005 700+ words
SEOUL, Nov 14 Asia Pulse - South Korea's corporate tax revenue in 2006 is likely to fall 9.4 per cent from...Finance Ministry said Monday. According to the ministry, corporate tax revenue is estimated to be 26.88 trillion won (US...
- S. Korea's corporate tax revenue likely to fall 9.4 pct in 2006.
- News wire article from: YON - Yonhap News Agency of Korea November 14, 2005 700+ words
SEOUL, Nov. 14 (Yonhap) -- South Korea's corporate tax revenue in 2006 is likely to fall 9.4 percent from...Ministry said Monday. According to the ministry, corporate tax revenue is estimated to be 26.88 trillion won (US...
- South Korea.
- News wire article from: Australasian Business Intelligence January 27, 2006 700+ words
Byline: JY Lee and Danielle Suh Jan 27, 2006 (International Tax Review - ABIX via COMTEX) -- Corporate tax law in South Korea underwent several changes in 2005. Changes were made to the tax treatment of dividend-received deductions...
- Foreign companies' corporate tax doubles in 2005.
- News wire article from: YON - Yonhap News Agency of Korea January 7, 2007 700+ words
...SEOUL, Jan. 5 (Yonhap) -- Foreign companies' corporate tax in South Korea more than doubled in 2005 from a year earlier...902.1 billion won (US$909.5 million) in corporate tax in 2005, up 129 percent from 393.9 billion won...