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Economy

Southeast Asian nations are stepping up taxation efforts

Moves to increase revenue from companies aim to fix pandemic-ravaged state finances

Southeast Asian nations get relatively large proportions of their tax revenues from corporations.

TOKYO -- A wave of efforts to increase corporate tax revenue is sweeping through Southeast Asia as governments race to plug yawning budget holes created by the economic hardship due to the COVID-19 pandemic.

For example, tax authorities are accelerating the pace of investigations and are enforcing stricter rules on companies than before -- such as shortening the deadline for submitting tax documents.

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