Japan's Tax Cuts Don't Go Far Enough

Abe needs to improve collection if he's going to lower corporate taxes.

Photographer: Chris McGrath/Getty Images

The avoidance of taxes, John Maynard Keynes wrote, is the only intellectual pursuit that still carries any reward. Don't executives in Japan know it: Even with national debt skyrocketing, more than 70 percent of companies here still pay no corporate taxes.

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