Detailed info on corporate and personal taxation system and regulationsAs for direct taxes, the short-term payment system, which was based only on the actual business results, was ... In 1956, the rates on direct taxes were reduced and indirect tax rates were raised in order to alleviate the disincentive effect of high direct taxes on capital accumulation. ... The basic guidelines of this reform were to simplify tax administration, to promote efficient revenue collection as well asanbsp;...
|Title||:||Korea South Tax Guide|
|Author||:||USA International Business Publications, Usa Ibp|
|Publisher||:||Int'l Business Publications - 2005-03-03|