July 04, 2013

Japanese business lobby proposes ways to cut corporate tax to 25 percent



"The Japan Association of Corporate Executives...proposed measures to bring Japan's effective corporate tax rate ..... to 25%....In Tokyo, the rate stands at 35.64%, including the 23.71% levied by the central government and 11.93% exacted at the local level....having individuals pay more residential, property, and local sales taxes.... It envisions a two-staged cut in the tax rate: down to 30.5% by fiscal 2015, then to 25.5% by fiscal 2020."


Source:
Business Lobby Outlines Steps For Cutting Corp Tax Rate
July 4th 2013
Nikkei.com

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