国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global General

Special

Newsmaker

Asia Pacific

America

Middle East

Europe

Africa

S Korea offers tax incentives to firms with no job cuts

(Xinhua)
Updated: 2009-03-10 16:38

SEOUL -- The South Korean government announced that only companies that do not conduct job cuts are eligible for government tax benefits, South Korea's Korea Herald reported Tuesday.

Related readings:  South Korea urges Australia to boost economic ties  South Korea submit latest World Cup bid  South Korea, EU narrow differences over free trade

According to the Ministry of Strategy and Finance, the South Korean government decided to reduce corporate taxes for companies that keep their employment at 2008 levels, toughening its earlier qualification for the corporate tax cuts.

One month ago, the ministry announced that it would apply corporate tax cuts for companies that reduce number of their employees by up to 5 percent.

However, the government, aiming at preventing further job losses, changed its provision and that the companies should cut wages and share jobs to apply for corporate tax reduction, said the ministry.

In addition, a company should have experienced a sales decline of more than 10 percent, an output fall by more than 10 percent, or an increase in average monthly stock by 50 percent, annually, to be eligible for tax reduction, the ministry said.