Reuters: US Dollar Report: Japan finmin: corporate tax cuts would not have immediate impact

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Japan finmin: corporate tax cuts would not have immediate impact Aug 15th 2013, 02:25 TOKYO | Wed Aug 14, 2013 10:25pm EDT TOKYO Aug 15 (Reuters) - Japanese finance minister said on Thursday that cutting corporate tax rates would not have an immediate impact, downplaying a media report Prime Minister Shinzo Abe had ordered ministries to consider lowering the tax rates. Taro Aso, who is also deputy prime minister, also said that tax breaks to encourage corporate capital spending could be fully considered. "Given that only some 30 percent of (Japanese) firms pay corporate taxes, I don't think lowering corporate tax rates would have an immediate impact," Aso told a news conference after a cabinet meeting. The Nikkei business daily reported earlier this week that Abe was considering a corporate tax cut as a way to offset the potential economic drag of a planned two-stage hike in the sales tax, citing government sources.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions