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Environment

Japan to offer 10% tax break for companies investing in green tech

Ruling party to back up PM Suga's zero-emissions pledge with corporate incentive

Spending on wind power equipment is likely to be one of the candidates for a new 10% tax break in Japan.   © Kyodo

TOKYO -- The Japanese government is considering a tax deduction of up to 10% of capital expenditures for producing goods that lead to decarbonization as the country aims to achieve net zero emissions of greenhouse gases by 2050.

The government, working with the ruling Liberal Democratic Party, is finalizing the outline for tax policy revisions. A 10% cut would be the biggest tax reduction for investments in production facilities.

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