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Japan’s Amari Wants Corporate Taxes Cut as Quickly as Possible

Japan’s corporate income tax may be cut by more than 2 percentage points next year and reduced to less than 30 percent within five, Economy Minister Akira Amari said.

“Reports of a cut of 2.4 percent or 2.5 percent aren’t far from the truth,” Amari said today in Tokyo, referring to reductions in the company tax rate for next fiscal year. “We want it done in as few years as possible, and to have an impact.”