Korea to widen tax credits to boost investment, consumption
Jul 28, 2016
South Korea set out new tax code revisions Thursday, seeking to boost corporate investments in new future industries and household income and spending to cope with faltering exports and flaccid domestic demand.The government finalized the plan at a meeting chaired by Finance Minister Yoo Il-ho in Seoul, and will submit the bill to the National Assembly by Sept. 2 for approval.It is expected that the new tax code, which includes streamlining tax regulations, will result in 317.1 billion won ($281