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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

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

Tokyo

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

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