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Updated: May 25, 2025
Two and one-half billion dollars results from reducing corporate tax rates, from 52 percent which gives the Government today a majority interest in profits to the permanent pre-Korean level of 47 percent. This is in addition to the more than $2 billion cut in corporate tax liabilities resulting from last year's investment credit and depreciation reform.
Two and one-half billion dollars results from reducing corporate tax rates, from 52 percent which gives the Government today a majority interest in profits to the permanent pre-Korean level of 47 percent. This is in addition to the more than $2 billion cut in corporate tax liabilities resulting from last year's investment credit and depreciation reform.
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