It has been reported that the Finance Ministry has proposed the reduction of the current corporate income tax (CIT) rate of 28% to 25% from 1 January 2009. In addition, the following changes have been proposed: -   Enterprises operating in hi-tech, education and training, health care, cultural, arts, sports and environmental sectors would qualify for a tax exemption for the first 4 years, and a reduced CIT rate of 10% and 12% for the following 15 and 9 years respectively; -   the CIT rate for approved enterprises may be pegged at 10% for a period in excess of...