Apr 24, 2014

Biz tax cut would lift GDP: METI

Japan’s gross domestic product would likely grow by at least ¥7 trillion if the effective corporate tax rate were to fall by about 10 points from the current level of around 35 percent, the industry ministry said in a recent survey. The estimate comes ...

Apr 17, 2014

Tread carefully on corporate tax cut

As the Abe administration considers cuts to corporate taxes as part of its growth strategy, it must ensure that it doesn't end up plugging the revenue hole by adding tax burdens to the household sector, already bearing the brunt of the April 1 consumption ...

Cut corporate taxes to keep companies in Japan: Ota

Mar 25, 2014

Cut corporate taxes to keep companies in Japan: Ota

Japan’s corporate taxes should be reduced to attract foreign businesses and persuade domestic companies not to shift operations overseas, a former economic minister who heads a government corporate tax committee said. Even after the yen’s 20 percent decline versus the dollar over the last ...

Mar 12, 2014

Government panel urges cut in corporate tax

A government tax panel called Wednesday for a corporate tax cut in an attempt to boost foreign investment despite budgetary constraints, according to a statement presented by its chief, Hiroko Ota. Ota, a former finance minister who heads the panel, which has been newly ...

Mar 9, 2014

Politicians eye tax hike on capital gains

The government and the ruling parties are considering heavier taxes on stock dividends and capital gains to help cover a revenue drop from a possible cut in the effective corporate tax rate, Jiji Press has learned. The hike is expected to be presented to ...

Feb 14, 2014

Tax panel to set up group to study corporate tax cut

The Tax Commission has decided to set up a new study group for discussions on a proposed cut in the effective corporate tax rate. The government commission made the decision because Prime Minister Shinzo Abe is eager to help big business. Starting next month, ...

Jan 31, 2014

Help households, not corporations

Lowering corporate taxes, as the Abe administration wants to do, will invite criticism that Japan's businesses are being cosseted at the expense of tax relief for households.

Sep 27, 2013

LDP readies measures to cushion tax hike

by Ayako Mie

The ruling coalition on Friday agreed on certain parts of a ¥5 trillion stimulus package being readied to ease the impact of the planned sales tax hike, including handouts of up to ¥15,000 for lower income households. The package will be unveiled Tuesday, when ...

Sep 26, 2013

Abe team puts corporate tax on table

A pledge to start considering a cut in the effective corporate tax rate “as soon as possible” will likely be included in the upcoming economic stimulus package, administration officials said Thursday. A reduction in corporate tax could entice more foreign companies to operate in ...