Asia's rising taxes

Tax rises to continue as Asia tightens its belt

Asian policymakers will increase indirect taxes and focus on more effective revenue collection, according to Ernst & Young.

Countries in Asia-Pacific are likely to continue raising indirect taxes this year as they tighten fiscal policies. At the same time, they will target tax incentives more narrowly to attract inbound investment and nurture domestic industries, according to a report released last week by Ernst & Young.

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