Government considering revision of special tax measures to fund decreases in corporate taxation

Decreasing the corporate taxation rate to the 20%-level to make Japan an more attractive business destination and increase employment is one of the main objectives of the current Abe government.  However, to make up for the expected decrease in tax revenues the government is looking into revision of 16 special tax brake measures, which wind up at the end of this fiscal year, reports NHK online

Measures currently under scrutiny are those giving tax brakes to companies, which have increased their personnel numbers, and incentives to stimulate investment into solar energy.  For the latter, sources within the government have pointed out that the investments in alternative energy sources have progressed sufficiently.  The Finance Ministry currently is gathering opinions from other ministries on the need to continue special tax break programmes, these are expected to be used for the tax revision for 2016.

Source: 法人税減税で16の租税特別措置を見直しへ NHK Newsweb August 3, 2015

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