Japan Lower House Approves 2013 Tax Reform Plan

The House of Representatives approved a bill Friday for tax reform in fiscal 2013 that will include lower levies to help boost private-sector investment.

The lower house, dominated by Prime Minister Shinzo Abe’s ruling coalition, voted for the plan for the year starting April 1. The government hopes the bill will be passed by the opposition-controlled House of Councillors within the month.

The annual reform will center on reducing corporate tax by a certain amount when a company increases payrolls or spends on introducing facilities or equipment designed to save energy consumption.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza