Prime Minister Naoto Kan has expressed his eagerness to lower corporate taxes as early as fiscal 2011, ahead of a proposed hike in the consumption tax.
He made the remarks on TV Tokyo, saying it will be possible to incorporate a plan to reduce corporate taxes in a government taxation blueprint, to be adopted late this year, for the next fiscal year starting April 1.
Kan has repeatedly spoken of the need to lower corporate taxes from around the current 40 percent as a means of increasing Japanese companies’ international competitiveness.
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