TOKYO -- Japanese policymakers will seek to end a tax deduction for big corporations' entertainment spending after the five-year-old incentive was found to have little noticeable economic benefit, Nikkei has learned.
Under a proposal to be considered by the government and ruling coalition, the deduction would end at the close of the current fiscal year next March. Revenue freed up by this move would be channeled into other programs, such as tax breaks for investment.
