2 out of 3 companies believe that effective corporate tax rates “should be reduced”

 

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As a series of tax increases have taken place after the Great Tohoku Earthquake, including a tax increase for reconstruction, the Abe administration is planning to propose a reduction of corporate tax as the main policy of its second growth strategy to the Diet. Currently, the effective tax rates of corporate income tax of major nations are within the 20%-level. Thus, Japan’s effective corporate tax rate is among the highest in the world; resulting in fewer inward investments and overseas transfers of Japanese companies. The discussion over effective corporate tax rate review for the bolstering of Japanese companies’ competitiveness and securing employment has…Read Full Texts

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