According to recent reports, Prime Minister Shinzo Abe's government is currently finalizing tax reforms plans that include a reduction in the corporate tax rate and expansion of the tax base.
Although the exact rate reduction has not yet been decided, the government had indicated earlier in the year that corporate tax would be reduced by 2.5%, with a goal of reducing the rate to under 30% in the next few years. Currently, Japan's effective corporate tax rate is 35.64% including local taxes …