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South Korea to push tax exemption on Islamic bonds

Posted on 17 February 2011

From Bloomberg: South Korea will renew its push to allow tax exemptions on Islamic bonds issued by companies to help local borrowers tap growing Muslim wealth.
The government’s “top priority” at a parliament session starting on Feb. 18 will be to pass a bill on Islamic bonds and another to impose a levy on banks’ foreign-currency debt, Park Cheol Kyu, deputy minister for planning & coordination at the finance ministry, said by telephone today from Gwacheon, south of Seoul……………………………………….Full Article: Source

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