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Japan likely to cut corporation tax below 30% in April 2016

Reuters reporting government sources

  • Japanese govt likely to act a year ahead of schedule
  • relevant ministers and agencies are now in talks to cut the rate to a level between 29.5-30%
  • aiming to spur capital spending and boost wages

The Japanese govt initially planned to cut the rate below 30% in fiscal year 2017 after reducing it to 31.33% from 32.11%

Japan's biggest business lobby, Keidanren, has been pressing the govt to quickly lower the corp tax rate

Yesterday I reported that Japan's Union Association are looking for 2% wage hikes next Spring's talks in a bid to help overcome deflation and boost the economy

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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