10.12.2010 - Korea: No tax deal on Islamic bond issues
From Joongang Daily: A government attempt to attract Middle East oil money by making it easier for local companies to issue Islamic bonds has been blocked by the National Assembly after some lawmakers objected on religious grounds. The government said Islamic bonds, known as sukuk bonds, would provide an alternative source of capital for Korean companies, reducing their dependence on capital from Western investors...............................................Full Article: Source
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