Proposed reductions to tax rates/base

Further to the report on the South Korean administration's plans to introduce tax cuts, the Finance Minister on 1 September 2008 announced the following:
- | The corporate income tax reduction programme is to be accelerated from a 5-year programme to a 3-year programme, from the current 13% to 25%, to 11% to 22% in 2009, and 10% to … |