New Japanese Gov't Reveals Plan to Cut Corporate Tax

In a bid to take Japan out of a long recession, Japan's new government is considering slashing tax on corporate earnings by 5%, reports Channel News Asia.

 

Channel News Asia notes that the government aims to bring the rate down to international standards which is 10 to 15 points lower than Japan's.

 

"It is now the time to decide (on cutting corporate tax) for the sake of future economic vitality, employment and securing increased tax revenues," Economy, Trade and Industry Minister Masayuki Naoshima told the Nikkei Business Daily.
 

Read more on

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern