income tax

Update taxation plans for 2016

The on-going discussions in the ruling LDP Tax System Research Council are yielding new fiscal reforms for the coming year.  Most conspicuous is the proposal to accelerate the decrease of corporate taxation rate to below 30% next year at 29.97%.  It had been expected that the effective corporate taxation rate would reach the 20% range in 2017. Nikkei Online (J) reports on November 30th on a number of other measures, which are likely to be implemented from April next year. 

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