Aug 26, 2014

Administration may abolish tax break for smaller firms

The Abe administration is considering abolishing a special tax break for small and midsize companies at the end of March in order to finance the corporate tax cut promised the prime minister has promised. The move is expected to draw criticism that the administration ...

Corporate tax cut no 'magic wand,' warns ministry adviser

Jun 26, 2014

Corporate tax cut no 'magic wand,' warns ministry adviser

The plan to cut the corporate tax won’t be “a magic wand,” warns Hiroshi Yoshikawa, a key adviser to the finance minister. The Abe administration on Tuesday adopted new economic and fiscal policy guidelines that call for, among other things, lowering Japan’s effective corporate ...

Jun 25, 2014

New levy eyed to offset proposed corporate tax cut

The Tax Commission is set to propose introducing a new tax to help cover revenue shortfalls from planned cuts in the corporate tax rate. The idea will be included in a final draft of the commission’s upcoming report on measures to overhaul the corporate ...

Jun 24, 2014

Funding the corporate tax cut

The Abe administration's decision to cut corporate taxes as a key feature of its economic growth strategy doesn't indicate how a fiscally weak government will make up the lost tax revenue even as households face another consumption tax hike next year.

Jun 14, 2014

Noda says Abe buying into 'voodoo economics'


Sour grapes are in season in Tokyo as Prime Minister Shinzo Abe’s predecessor steps up and slams the incumbent’s tax plans. However, beneath the bad feelings and twinge of regret, Yoshihiko Noda makes a very timely point when he accuses Abe of buying into ...

Abe to cut business tax but mum on how

Jun 13, 2014

Abe to cut business tax but mum on how

Prime Minister Shinzo Abe pledged Friday to reduce the 35 percent corporate tax rate to under 30 percent in the next few years in an attempt to boost foreign investment and bolster the economy. Abe also said that his administration will secure other financial ...