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The lowering of the corporate income tax from 20% to 18% provides an environment for enterprise and pro market to flourish (Ministry of Finance Singapore, 2007). The cut will definitely help businesses with their margins and earn above average. Even with the increase to 7%, the GST rate would still be one of the lowest worldwide (Ministry of Finance Singapore, 2008)...
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The lowering of the corporate income tax from 20% to 18% provides an environment for enterprise and pro market to flourish (Ministry of Finance Singapore, 2007). The cut will definitely help businesses with their margins and earn above average. Even with the increase to 7%, the GST rate would still be one of the lowest worldwide (Ministry of Finance Singapore, 2008)...
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