Japan's Governing Coalition Approves Plans for Corporate Tax Cuts and Other Tax Measures
On 30 December 2014, Japan's governing coalition approved plans for proposed legislative measures. The main measures of the plan include a cut in the country's corporate tax rate by 2.51% for the fiscal year beginning April 2015, and an additional cut of 0.78% for the following fiscal year. A partial counter to the cut in the corporate tax rate is an increase in the sized-based business tax rat…
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