S. Korea's effective corporate tax rate falls in 2010
Seoul - Yonhap
South Korea's effective corporate tax rate fell more than 3 percentage points in 2010 from a year earlier as the government pushes to lower tax burdens on businesses, data showed Monday. According to the data by the finance ministry and Statistics Korea, the country's effective corporate tax rate stood at 16.6 percent last year, down 3.1 percentage points from a year earlier.
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