Nov 20, 2015

LDP starts annual tax reform debate

As ruling Liberal Democratic Party members sat down Friday to talk tax reform, the main focus was on consumption tax relief. The LDP’s Research Commission on the Tax System also is discussing corporate tax and automobile-related tax reforms. The commission aims to craft tax ...

Nov 12, 2015

Abe aims to cut corporate tax 'below 30%'

Prime Minister Shinzo Abe vowed Wednesday to cut the corporate tax rate next fiscal year beyond current targets, paving the way for bringing it below 30 percent to boost investment and wages. Abe told a meeting of the Council on Economic and Fiscal Policy ...

Nov 2, 2015

Administration mulls cutting corporate tax rate below 31%

The Abe administration is considering cutting the corporate tax rate from the current 32.11 percent to below 31 percent from fiscal 2016, according to sources. To make up for the lower tax revenue, the administration plans to curtail existing tax breaks, the sources said ...

Sep 9, 2015

Abe pledges 2016 corporate tax cut as investment stays sluggish

Prime Minister Shinzo Abe pledged to follow through with a corporate tax cut, a day after government data underscored businesses’ reluctance to ramp up domestic investment. In a message read out at a Bank of America Merrill Lynch event in Tokyo on Wednesday, Abe ...

Mar 31, 2015

Diet passes tax system revisions for fiscal 2015

The Diet on Tuesday approved legislation for tax system revisions for fiscal 2015, including postponement of the next consumption tax hike. Prime Minister Shinzo Abe announced late last year he was putting off the planned tax hike to 10 percent until April 2017, a ...