Japan Must Mull 25% Corporate Tax Rate, LDP Policy Planner Says

Japan’s government should clarify its plans for cutting corporate taxes when it revises its growth strategy in June, a senior ruling party official said, adding to calls for lower levies on profits.

A rate of about 25 percent should be a “natural level for consideration,” Yasuhisa Shiozaki, deputy policy chief of the Liberal Democratic Party, said in an interview yesterday in Tokyo. The levy will be about 35 percent from April, after the end of a surcharge for disaster relief.