Japanese PM Aims to Reform Corporate Tax To Attract Foreign Investment

Japanese Prime Minister Shinzo Abe expressed his determination to reform Japan’s corporate tax system at a seminar in London on Thursday, calling for foreign investment in the country.

Abe said Japan aims to double direct investment by foreign companies by 2020 as a pillar of the country’s economic growth strategy.

He also said Japan’s investment environment has improved through regulatory reform of the electricity sector and promotion of special economic zones.

The prime minister, on a six-nation tour of Europe, arrived in Britain on Wednesday after visiting Germany.

Several Japanese local government leaders, including Kobe Mayor Kizo Hisamoto and Fukuoka Mayor Soichiro Takashima, also attended the seminar to highlight the advantages of doing business in their areas.

via Mainichi

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