For cash-strapped Asian governments, global tax pact offers respite from cuts

Indonesia said it would cut its corporate tax across the board by 20 per cent over three years. PHOTO: REUTERS
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JAKARTA - Plans to impose a minimum corporate tax may ease competition for investment and offer a fillip to coffers as governments scramble to raise revenue amid an escalating pandemic.

Vietnam, Malaysia, Thailand and Indonesia have been taking an axe to corporate tax in a bid to attract companies fleeing China to escape United States tariffs.

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