A corporate tax study group established by Japan's Tax Commission has recommended that the country reduce its effective corporate income tax to 25%. The rate was proposed as a way to improve Japan's international competiveness and reach a target of doubling foreign investment by 2020.
While such a large reduction in the rate is not feasible in the short-term, the group will likely recommend an initial deduction of 2% to 3% as early as next year. It is not yet clear if the Japanese government …