Monday, November 1, 2010

Japan considering reduction of corporate tax on foreign companies

Nikkei Newspaper reported, on October 21, 2010, that the Japanese government is considering a tax reduction for foreign companies. The overall tax break will be 5% reduction, but on specific sectors like high-tech and medical companies with foreign capital may receive favors of 10%-15% reduction, to attract investment from overseas.

The idea is under consideration, and I am personally pessimistic about the possibility.

Anyway, I will post another article when it is realized in the coming year.