Japan | Japan parliament passes corporate tax cuts, other tax reform bills

Japan parliament passes corporate tax cuts, other tax reform bills

March 31, 2015 11:21 AM (UTC+8)

 

Kyodo News reports that Japan’s parliament passed a set of tax reform bills Tuesday centering on corporate tax cuts aimed at supporting private-sector businesses and attracting investment.

The government of Prime Minister Shinzo Abe will slash Japan’s current 34.62% effective corporate income tax rate to 32.11% in fiscal 2015 starting Wednesday and to 31.33% the following year.

Shinzo Abe
Shinzo Abe
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