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12 Jun 2014
Japan to cut corporate tax to below 30% over several years - Nikkei
FXStreet (Bali) - Japan is set to cut corporate tax to below 30% over several years, reports the Nikkei.
"The Japanese government and the ruling parties have decided to reduce the nation’s effective corporate tax rate to below 30% over the course of several years", Nikkei notes.
Nikkei adds: "Akira Amari, minister of state for economic policy, and Takeshi Noda, who heads the Liberal Democratic Party’s tax panel, met Wednesday night and agreed on the overall goal of bringing down the rate. The two men differed, however, on how to make up for the shortfall."
"The Japanese government and the ruling parties have decided to reduce the nation’s effective corporate tax rate to below 30% over the course of several years", Nikkei notes.
Nikkei adds: "Akira Amari, minister of state for economic policy, and Takeshi Noda, who heads the Liberal Democratic Party’s tax panel, met Wednesday night and agreed on the overall goal of bringing down the rate. The two men differed, however, on how to make up for the shortfall."