Corporate tax hike should be last resort
The chief of the ruling Saenuri Party
Seoul - Yonhap
The chief of the ruling Saenuri Party on Thursday expressed reluctance in raising the corporate tax rate which the opposition party has claimed is too low in relation to the government's dwindling welfare budget.
Speaking to reporters after a meeting with business leaders, Kim Moo-sung said a hike in the corporate tax rate should be the last resort.
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