Arab Today, arab today big biz lobby calls for corporate tax cuts
Last Updated : GMT 08:00:12
Arab Today, arab today
Arab Today, arab today

Big biz lobby calls for corporate tax cuts

Arab Today, arab today

Arab Today, arab today Big biz lobby calls for corporate tax cuts

Seoul - Yonhap

South Korea\'s big business lobbying group urged the government Tuesday to lower the country\'s corporate tax rates in a bid to fuel investment and improve the global competitiveness of local companies. The Federation of Korean Industries (FKI) said the tax rate for large businesses, currently at 22 percent, should be lowered further to reduce the burden felt by companies operating in the country.

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