Japan to slash corporate tax rate to below 30%

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Editor Score:
45
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Usability:
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Free
Expiration
Sunday, June 16, 2024
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Publication year
2014
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Financial

The Japanese government said Friday it was slashing Japan’s corporate tax rate, one of the world’s highest, as the country’s top central banker called for speedier reforms to unshackle an economy long mired in red tape. The cuts would bring the levy under 30% within a few years, resulting in a tax rate ranging from 20% to 29%, depending on the jurisdiction.

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