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Economy

Japan may cut corporate tax rate to 20% through incentives

Tax breaks contingent on wage hikes, productivity-enhancing investment

The Japanese government is looking to use tax breaks as an incentive for businesses to spend hoarded cash on workers and productivity enhancement. (Photo by Hiroyuki Yamamoto)

TOKYO -- The Japanese government is considering rewarding businesses that increase wages and invest in productivity growth by offering tax breaks that could lower their effective tax rates to as low as 20% or so.

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