Investors happy about new cut in corporate income taxVietNamNet Bridge - The stock market has shown positive reactions to the disclosure of the government’s intention to slash the corporate income tax (CIT) from 20-22 percent to 15-17 percent. HSC believes that the tax reduction will not have a big impact on the tax collections, but will bring significant economic benefits. The figure is equal to 3.5 percent of total revenue from CIT collections and 0.8 percent of total revenue from tax collections. The stock market bounced back after the announcement as investors hope large corporations will also enjoy the tax reduction. Nguyen Tri Hieu, a finance expert, commented that the tax reduction, if applied only to SMEs, will be significant.