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Japan looks to tax breaks and wage increases to protect economy
08/12/2021
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Shibuya Crossing, Tokyo
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Shani Alexander
Shani Alexander, Senior reporter

Japanese employers will be offered bigger tax breaks as the government looks to protect the economy from the impact of rising global inflation and help in the fair redistribution of wealth across the country.

Prime Minister Fumio Kishida’s government is working on plans to raise the maximum tax deduction rate to 40% for small businesses and 30% for large corporates that increase employee wages.

 


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