TOKYO -- Japan will in April set up a tax incentive for companies that bring on more employees with doctoral degrees, aiming to encourage advanced research and help make businesses more competitive.
Eligible companies can receive a corporate tax credit worth 20% of the labor costs tied to increased hiring of Ph.D. graduates. To qualify, a company needs to increase the share of overall research and development wages that go to doctoral degree holders by at least 3% on the year.
