Business / Economy Nov 12, 2015

Abe aims to cut corporate tax 'below 30%'

Prime Minister Shinzo Abe vowed Wednesday to cut the corporate tax rate next fiscal year beyond current targets, paving the way for bringing it below 30 percent to boost investment and wages. Abe told a meeting of the Council on Economic and Fiscal Policy that ...

Business Nov 2, 2015

Administration mulls cutting corporate tax rate below 31%

The Abe administration is considering cutting the corporate tax rate from the current 32.11 percent to below 31 percent from fiscal 2016, according to sources. To make up for the lower tax revenue, the administration plans to curtail existing tax breaks, the sources said Monday. Though ...

World / Politics Feb 2, 2015

Obama ties foreign profits tax to public works

President Barack Obama's budget will propose an ambitious six-year, $478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas, White House officials said. The proposal, one of ...