Japan finance minister reluctant to cut corporate tax
Jiji Press -- May 21
Japanese Finance Minister Taro Aso expressed his reluctance Tuesday to meet the business community's request for a cut in corporate taxes. "Tax cut demands by companies that do not currently pay taxes are little convincing," Aso said at a press conference after the day's cabinet meeting.About 1.86 million of all 2.57 million companies in Japan in fiscal 2011 were in the red and thus exempted from corporate tax payments, according to the Finance Ministry.
Source: http://newsonjapan.com/html/newsdesk/article/102692.php
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