On 1 September 2022, the governor of the U.S. State of Idaho signed House Bill No. 1, which contains certain tax relief measures in addition to those approved earlier in the year. One of the main measures is a reduction in the corporate tax rate from 6.0% to 5.8% with effect from 3 January 2023. Earlier in the year, the corporate tax rate was reduced from 6.5% to 6.0% with retroactive effect from 1 January 2022. Further, the individual income tax is changed to a flat rate of 5.8% on taxable income exceeding USD 2,500 (USD 5,000 for joint filers)...