You are here

Japan's ruling bloc approves corporate tax cut to encourage wage hikes

BT_20171215_SHINZO_3222642.jpg
Mr Abe's ruling bloc also approved a raft of tax hikes for coming years to pay for a bulging welfare bill, at the risk of putting a damper on private consumption.

Tokyo

JAPAN'S ruling bloc approved a plan on Thursday to slash the corporate tax rate to around 20 per cent from 30 per cent - but only for companies that raise wages aggressively and boost domestic capital spending.

The carrot-and-stick approach is Prime Minister Shinzo Abe's most...

sentifi.com

Market voices on: