- In yet another bid toward profitability and economic growth, Japan's ruling coalition has approved a tax reform plan that will trim the corporate tax rate from April.
- Coming on top of a recent $29B stimulus package, the plan will likely cut the overall effective corporate tax rate by 2.51 percentage points to 32.1% - confirming a pledge made by Abe in June to lower the corporate tax rate to below 30% in the coming years.
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