Japan Eyes Slashing Corporate Tax

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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