"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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