South Korea needs to keep corporate tax rates low
Seoul - Yonhap
South Korea needs to maintain relatively low corporate tax rates in order to help sharpen its competitive edge in businesses and boost corporate investment, the finance ministry said Thursday. In a report submitted to Rep. Na Seong-lin of the ruling Saenuri Party ahead of a parliamentary interpellation session, the ministry said that the burden of paying corporate tax in South Korea is heavier than in other advanced countries.
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