Return of Abe: Japan plans to slash corporate tax rate to below 30% in five years

January 09 2015

From April 1, Japan is cutting its famously high effective corporate tax rate by 2.51 percentage points down to 32.1%, with further increases scheduled for 2016. The government has also approved a reduction on loss write-offs and improved tax incentive schemes as Abenomics takes off in 2015.

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