after read that case study, give the answer of this question

Doing Business 2015 Going Beyond Efficiency Paying taxes Trends before and after the financial crisis DOINO BUSINESS 2015 decline. Its averege total tax rate AGURE 10.2 Among regions, Sub-Saharan Africahad the biggest reduction in the dropped by dmost 17 percentoge toti points between 2004 and 2012 . This aligned the region more closely with the rest of the world, though its average total tax rate stall remains the highest, at 53.45 in 2012 (figure 102 ) v In oddition, many African economies. lowered rates for the profit tax, reducing its share in the total tax rate. The sige of the tax cost for businesses matters for investment and growth. Where taves are high. businesses are more inclined to opt out of the formal sector. Given the disincentive effects associated with very high tax rotes. the continual decine in the totel tox rote has been a good trend for Africa. DOING BUSINESS 2015 perind, The next most common chang- es were those enthancing or introducing electronic systems for filing and poying taxes online 38 such changes were reported in totol. These were aimed ot easing the administrative burden of tux compliance to counter the greater riak of tox evesipn during econorric down- turns. Also common were changes to tax deductbility and depreciation rules that would respectively fower the tax cost for businesses and provide them with greater flexibility in planning their cash flow (with a total of 33 recorded). Reducing the corporate incame tax rate was a change that mang gov- emments mode daring the financial Other econamies obolished their minimum income tcx (France. Timor: Leste) Romanio. having introduced a minimum income tax in May 2009. abolished it in October 2010. Some economies amended their income tax brockets rother than reducing rates. Portugal introduced tax brackets for rate, while all incocne over this ambunt was taxed at the standard 25% rate To stimulate investment in specific for example, encouraged copitalinvtst- ance-an lip-front deduction of 30z areas, some economies increosed the ment with octelerated depresiotion for of the cost of new plant controcted percentage of allowance that could be equipment and machinery acpuired for between January 1. 2009, and June B0X 10.2 The Pepublic of Korea-e comprehensive epprooch to supporting an ecenomy in recescian The 2008 global credit crunch and ensuing econamic recession hit Horea hard. Heavily dependent on man factured exports and clasely integrated with other developed markets through both trade and financial linfas, the Koreon economy contracted sharply in 2009 and pablic finances came under pressure. Reflecting diminished confidence in the short-term outlodil. the value of the Korean won fell sharply. This helped leod to rapid consideration of a pocknge of meatures airsed at putting in ploce the conditions for a recovery. The government set priorities for tax policy supparting low- and middle-income taxpayers, facilitating job craction, promoting investrment and sustoinoble growth, rationaliging the tax system and erauring the sustainability of puble finonces." Measures to support low- and middle-income taxpoyers included changes in both individurl and corporate trvation (tuch as a special tax eredit for small and medium-sige enterprisee). To support the continustion of farrily butinesses. the govemment reduced the inheritance tax and ollowed deductions of up to 10 bilion won (about $10 millisp) when a small or medumsige enterprise in inherited, extending this to 50 billion won (about $50 millior) in 2014 . To help self-employed individual Who were forced to clase their businesses in 2009 , the govemment offered an exemption from poying detirquent toxis unt the end of 2010 for those starting a new business or getting a new job. The exerppeian was further eiterded until the end of 2014. To support focal business developenent, it gave a corporate incoene tax deduction of 1001 for the first 5 years and 501 : for the next 2 years to companies relocating to Horea from abroad. To support future growth it introduced RSO incentives for campanies and also increased the deductibility of educotian expenses for individuals. Korea also accelerated the implementation of some tax changes already in the pipeline, it reduced the corporate income tax rate for taivable income below 200 milion won ($197.972) from 135 to 114 in 2008 and to 105 starting in 2010 . For the upper brachet (above 200 million won) it reduced the rate from 25 . to 228 in 2009 and to 205 in 2010 and thereafter. Horva reduced the personal income tax rate by 1 percentoge point for the middle brachet and by 2 percentoge points for the top bracket while oiso increasing ollowable deductions. In addition, Korea strengthened tax compliance regulation, imposing pendites on high-income eamers for folure to ianue cash receipts and introducing more severe punishement for frequent and high-profile tax evaders. it ciss increased the statute of limitation for prosecution for certain tax crimes. Supporters of Kareo's approach believe thot it enabled the country to reconer faster and mere strongly fram the glebel arisis than most other OECD countries.' Horea was ene of enly a handful of OECD countries that actually regutered a reduction in public debt levelt over the period 2009-13. Most other advanced econamies saw rapid increcties in public indebtedvess as a result of policy interventions to deal with the effects of the financiol critis." b. otco 2ati Sarte Gove busentes sutatere. Q: Financial crises has direct impoct on taxt revenue what are the sleps which can be lken in sueh sutuation? Doing Business 2015 Going Beyond Efficiency Paying taxes Trends before and after the financial crisis DOINO BUSINESS 2015 decline. Its averege total tax rate AGURE 10.2 Among regions, Sub-Saharan Africahad the biggest reduction in the dropped by dmost 17 percentoge toti points between 2004 and 2012 . This aligned the region more closely with the rest of the world, though its average total tax rate stall remains the highest, at 53.45 in 2012 (figure 102 ) v In oddition, many African economies. lowered rates for the profit tax, reducing its share in the total tax rate. The sige of the tax cost for businesses matters for investment and growth. Where taves are high. businesses are more inclined to opt out of the formal sector. Given the disincentive effects associated with very high tax rotes. the continual decine in the totel tox rote has been a good trend for Africa. DOING BUSINESS 2015 perind, The next most common chang- es were those enthancing or introducing electronic systems for filing and poying taxes online 38 such changes were reported in totol. These were aimed ot easing the administrative burden of tux compliance to counter the greater riak of tox evesipn during econorric down- turns. Also common were changes to tax deductbility and depreciation rules that would respectively fower the tax cost for businesses and provide them with greater flexibility in planning their cash flow (with a total of 33 recorded). Reducing the corporate incame tax rate was a change that mang gov- emments mode daring the financial Other econamies obolished their minimum income tcx (France. Timor: Leste) Romanio. having introduced a minimum income tax in May 2009. abolished it in October 2010. Some economies amended their income tax brockets rother than reducing rates. Portugal introduced tax brackets for rate, while all incocne over this ambunt was taxed at the standard 25% rate To stimulate investment in specific for example, encouraged copitalinvtst- ance-an lip-front deduction of 30z areas, some economies increosed the ment with octelerated depresiotion for of the cost of new plant controcted percentage of allowance that could be equipment and machinery acpuired for between January 1. 2009, and June B0X 10.2 The Pepublic of Korea-e comprehensive epprooch to supporting an ecenomy in recescian The 2008 global credit crunch and ensuing econamic recession hit Horea hard. Heavily dependent on man factured exports and clasely integrated with other developed markets through both trade and financial linfas, the Koreon economy contracted sharply in 2009 and pablic finances came under pressure. Reflecting diminished confidence in the short-term outlodil. the value of the Korean won fell sharply. This helped leod to rapid consideration of a pocknge of meatures airsed at putting in ploce the conditions for a recovery. The government set priorities for tax policy supparting low- and middle-income taxpayers, facilitating job craction, promoting investrment and sustoinoble growth, rationaliging the tax system and erauring the sustainability of puble finonces." Measures to support low- and middle-income taxpoyers included changes in both individurl and corporate trvation (tuch as a special tax eredit for small and medium-sige enterprisee). To support the continustion of farrily butinesses. the govemment reduced the inheritance tax and ollowed deductions of up to 10 bilion won (about $10 millisp) when a small or medumsige enterprise in inherited, extending this to 50 billion won (about $50 millior) in 2014 . To help self-employed individual Who were forced to clase their businesses in 2009 , the govemment offered an exemption from poying detirquent toxis unt the end of 2010 for those starting a new business or getting a new job. The exerppeian was further eiterded until the end of 2014. To support focal business developenent, it gave a corporate incoene tax deduction of 1001 for the first 5 years and 501 : for the next 2 years to companies relocating to Horea from abroad. To support future growth it introduced RSO incentives for campanies and also increased the deductibility of educotian expenses for individuals. Korea also accelerated the implementation of some tax changes already in the pipeline, it reduced the corporate income tax rate for taivable income below 200 milion won ($197.972) from 135 to 114 in 2008 and to 105 starting in 2010 . For the upper brachet (above 200 million won) it reduced the rate from 25 . to 228 in 2009 and to 205 in 2010 and thereafter. Horva reduced the personal income tax rate by 1 percentoge point for the middle brachet and by 2 percentoge points for the top bracket while oiso increasing ollowable deductions. In addition, Korea strengthened tax compliance regulation, imposing pendites on high-income eamers for folure to ianue cash receipts and introducing more severe punishement for frequent and high-profile tax evaders. it ciss increased the statute of limitation for prosecution for certain tax crimes. Supporters of Kareo's approach believe thot it enabled the country to reconer faster and mere strongly fram the glebel arisis than most other OECD countries.' Horea was ene of enly a handful of OECD countries that actually regutered a reduction in public debt levelt over the period 2009-13. Most other advanced econamies saw rapid increcties in public indebtedvess as a result of policy interventions to deal with the effects of the financiol critis." b. otco 2ati Sarte Gove busentes sutatere. Q: Financial crises has direct impoct on taxt revenue what are the sleps which can be lken in sueh sutuation