Japanese Corporate Taxes to go below 30%

Japanese Economic and Fiscal Policy Minister Akira Amari indicated Monday that the government will consider stating a cut of the effective corporate tax rate to below 30 pct in new policy guidelines to be drawn up possibly in June.

Regarding a proposed corporate tax cut, Amari told reporters that he wants the new economic and fiscal policy guidelines to state its timing and size as concretely as possible. He met reporters at Tokyo International Airport at Haneda before leaving Japan on a tour to France and Britain.

Lowering the tax rate from the current level above 35 pct to less than 30 pct would have an impact on the market, Amari said.