Shoichiro Toyoda, chairman of Japan Federation of Economic Organizations (Keidanren), on July 14 urged government officials to take a positive view on reducing corporate taxes, arguing that a cut would eventually vitalize corporate activity.

“Corporate taxes are 50 percent in Japan and 40 percent in other countries,” Toyoda told a news conference. “It is hoped that Japanese taxes will gradually come close to those in other countries. “If corporate taxes are cut, companies would be revitalized, and the income of the companies would grow. And, as a whole, tax revenues would also increase.”

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.