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Business trends

Japan's bigger companies slash tax bills to record low

Overseas operations and accounting specialists reduce burden

Larger Japanese companies tend to possess the budget for hiring a team dedicated to minimizing tax bills.   © Reuters

TOKYO -- Japan's larger publicly traded companies enjoyed record-low tax burdens last fiscal year, Nikkei has found, benefiting from factors such as a heavier overseas presence and greater accounting resources compared with their smaller counterparts.  

The median tax burden for 2,025 Japanese companies during the year ended in March was 31.4%, roughly 7 percentage points lower than five years prior.

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