Stay updated with breaking news from Robert Browell. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
It has been one year since the U.S. government enforced the Inflation Reduction Act (IRA) in August last year to protect American companies and attract foreign investments. The general view is that the IRA has helped build the local supply chains of raw materials and create jobs, albeit falling short of its original intent of keeping inflation in check.
![[CONTRIBUTION] How can tax policy help Korea become hub for foreign businesses? - Vimarsana News](https://koreatimes-bucket.s3.ap-northeast-2.amazonaws.com/IMAGE/upload/newsV2/images/202210/dedfbc158af541d1b41f9c5f4061a858.jpg)
Tax policy is an important tool for any government to help achieve its economic objectives. Successive Korean governments have announced that one of their key economic policy aims is to attract foreign investment and make Korea a more attractive location for companies to use as a regional business hub for East Asia. So just how can tax policy help attract foreign investment and promote Korea as a hub location?