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Japan Eyes Slashing Corporate Tax

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Japan Eyes Slashing Corporate Tax

by CFO Innovation Asia Staff, 20 September 2010
topics:
Accounting and Regulations Tax
tags:
corporate tax income tax
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Japan is considering a range of new tax incentives starting April 2011 to boost growth, reports Tax-News.com.

 

The government has set up an economic panel to determine the correct level of corporate income tax needed to improve international competitiveness and boost foreign investment with a focus on effective corporate tax rates, and the burden of other taxes impinging on companies, including national and local taxes.

 

According to Tax-News, the Japanese government's key objective is to halve the effective rate of total corporate taxes from above 40% to nearer 20% of income.
 

 

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Japan To Consider Corporate Tax Cut
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