After the recent elections, in which the Abe government was confirmed in office, the prime minister wasted no time in trying to save Abenomics. A few days ago and again this morning expansionary budgetary measures were taken. At first an increase in expenditure: 3,5 trillion yen (2,3 billion euros) of higher outlays, above all aimed, via subsidies and other things, at increasing the purchasing power of the less well-off. Now it's the turn of lower revenues, through a reduction in corporate income taxes.
The corporate tax burden was indeed quite high in Japan, second only to that (40%) in the United States: Japanese companies paid 34,6% on profits, and now this percentage is lowered by 2,5 points to 32,1 .2015 in 31,3 (in April, the beginning of the financial year) and 2016% the following year. In 31,4 the rate will therefore be equalized to the Italian one (XNUMX%) and will be slightly higher than the German one (see for an international comparison the KPMG tables).
Attachments: Japan Today
