Corporate regulation reform in Japan

26.06.2014

10 steps for revitalization of Japanese economy were presented by the Prime Minister of the country. These measure are aiming for the reform of corporate relations in the country. There is the reform of corporate tax, which is planned to decrease to the 30%, amongst the steps. First measures of the tax decrease will took place in 2015.

Beside the decrease of corporate tax rate, reform is also consists of such measures as promotion of joint stock forms of business, improvement of business environment all over the country, attraction and use of new technologies in economy.

All these measures are aiming at the return of Japanese economy to the same level and at the attraction to the country of new investors and capital.

Source: http://japan.kantei.go.jp/ongoingtopics/pdf/2014/140624_25_revision_jpn_revitalization.pdf

Expert’s opinion

Right now Japan has one of the highest corporate tax rates in the world. The maximum rate is 50%. After the devastating tsunami and problems with a nuclear Power Plant Japan is seriously considering of its ability to create attractive field for investors by decreasing the corporate tax rate.

Without doubt everything that was presented will take place and economy of the country will only benefit from it.

Irina Lomakina ( Director of Moscow Office of Honest & Bright)