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Japan weighs corporate tax cuts from fiscal 2015

TOKYO -- The Japanese government is considering a timetable of gradually reducing corporate taxes beginning next fiscal year as part of its basic policy for economic and fiscal management.

     The effective corporate tax rate now stands at 35.64% for businesses in Tokyo, compared with the 20% range in many other countries. The government began discussions Thursday on whether to stipulate the timing of the reduction in the policy guidelines, due out in June.

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