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 ...

Business Oct 25, 2015

Government looks to scale back tax break for eco-cars

The government plans to extend a tax break for purchases of environmentally safer vehicles by a year through fiscal 2016, but apply it to a narrower scope of cars, according to sources close to the matter. The government and ruling coalition will compile annual tax ...