Abe Adviser Hamada Urges ‘Substantial’ Japan Company Tax Cut

Shinzo Abe should cut the corporate tax rate in one stroke to match rivals and help Japan survive a global tax “war,” said an adviser to the prime minister.

“It’ll be much less effective if we don’t substantially cut the levy,” Koichi Hamada, 78, a retired Yale University professor who advises Abe on monetary policy, said in an interview yesterday in Tokyo. “By cutting the rate significantly, Japan can attract investment from abroad and keep Japanese companies at home.”