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Japan cuts corporate taxes to spur economic growth

Abe hopes it will lead to higher wages, increased consumption, and greater corporate investment

Japan's top effective corporate tax rate is 34.6 per cent, among the highest in the major economies.


JAPAN'S ruling coalition has approved a tax reform plan that will cut corporate taxes from April and pledges further reductions in coming years in a bid by Prime Minister Shinzo Abe to boost profitability and bolster economic growth.

The plan approved by Mr Abe's Liberal...