On 15 September 2023, the Governor of the U.S. State of Arkansas signed Senate Bill (SB) 8, which, includes cuts in the top corporate and individual income tax rates for tax years beginning on or after 1 January 2024. With respect to corporate income tax, the top rate is cut from 5.1% to 4.8%, resulting in the following brackets/rates: up to USD 3,000 - 1.0% USD 3,001 to 6,000 - 2.0% USD 6,001 to 11,000 - 3.0% USD 11,101 and over - 4.8% With respect to individual income tax, the top rate is cut from 4.7% to 4.4%, resulting in...