The Japanese government has formally approved a tax reform package designed to boost the economy.
The bills will be submitted to the Diet on Tuesday.Under the package, an extra corporate tax imposed after the 2011 disaster to aid rebuilding efforts will be scrapped at the end of this fiscal year in March, one year earlier than scheduled.
To encourage capital investment, the bills will allow companies to deduct some spending on high-tech equipment from their corporate taxes or to post the spending as a loss.
Source: NHK
To encourage capital investment, the bills will allow companies to deduct some spending on high-tech equipment from their corporate taxes or to post the spending as a loss.
Source: NHK
