The Asia Pacific region is attractive to international investors and companies not only because it offers an abundant supply of natural resources. The region’s growing middle class is also opening up opportunities for businesses to provide quality goods and services as well as urbanization solutions.
To attract international investments, and stimulate innovation as well as entrepreneurship domestically, many Asian governments have maintained or lowered their corporate tax rates over the years.
In this report, we provide an overview of the changes in corporate tax rates (CTRs) in 10 leading Asian economies across North, Southeast, and South Asia, as well as the Pacific. They include China, Japan, South Korea, Indonesia, Thailand, Malaysia, Hong Kong, Singapore, India and Australia. The period in focus in 2006 to 2013.