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Japan's Governing Coalition Approves Plans for Corporate Tax Cuts and Other Tax Measures

|Approved Changes|Japan
Japan

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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