Korea may cut tax benefits for high income earners, big firms
Jun 26, 2013
SEJONG (Yonhap News) ― South Korea might consider scaling down tax benefits available to high income earners and large businesses as part of its efforts to raise more tax revenue to meet growing fiscal demand from expanded welfare programs. The expectation is growing as the state-run Korea Institute of Public Finance earlier made such recommendations to the government for its policy related to temporary tax cut and exemption programs. The tax benefit programs have been provided temporarily for s