The implementation of a proposed “pro forma standard tax” would oblige red-ink companies that have been exempt from tax to pay an average of 1.79 million yen every year, four industry bodies said Wednesday.

Even among firms that have managed to post profits amid the slumping economy, only 15.5 percent would benefit from the tax scheme — with the size of their cuts eclipsing that of tax increases, according to a poll of member firms by the four groups.

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.