Japanese government decided to cut corporation tax

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Xinhua Xinhua Tokyo on December 14 evening of 13 Japanese government decided to cut corporate tax of 5% effective tax rate to reduce the burden on Japanese companies to stimulate economic vitality. ,[link widoczny dla zalogowanych]
outline of the Japanese tax reform in 2011 will be released today. Japanese media reports, Japan's finance minister and the national strategy to play wild Tianjia Yan Yuen Minister Koizumi leaves in corporate tax to the Government's proposal to cut 3% or 5%, Japanese Prime Minister Naoto Kan on the 13th green light, decided to have dropped to 5%.
including tax and local taxes, including, Japan, the actual current rate of corporate tax is about 40% in developed countries top. Japanese business community that high corporate tax rates affect the international competitiveness of Japanese companies. METI clearly stated this month in August, wants to cut corporate tax by 5%.

Naoto Kan said that the economic sector hopes to reduce the tax burden for them to increase domestic investment, expand employment and increase in salary to help Japan out of deflation state.
However,[link widoczny dla zalogowanych], 5% corporate tax cut will generate about 1.5 trillion yen in financial \Tax investigation of the Japanese government decided on the 13th to the inheritance tax exemption limit from the current 50 million yen down to 3,[link widoczny dla zalogowanych],000 million yen, the resulting tax increase of about 260 billion yen will be used to supplement corporate tax cut after some of the financial \gap. \Potential \
Japanese cabinet will be the 16th final survey will be submitted to the Government tax for 2011 tax reform outline.
(This article Source: Xinhua on: Pingwu Yong)
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