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Tag Archives: corporate tax rate

Increasing competitiveness: Japan cuts down 2.5% corporate tax from 2015

TOKYO: Japan’s government has decided to lower the corporate tax rate, one of the highest among major economies, by 2.5 percentage points next fiscal year to increase corporate competitiveness, the media reported. Japanese Prime Minister Shinzo Abe had been planning to lower the corporate tax rate over several years to around 20 percent from more than 35 percent currently. However, ... Read More »

PIDE terms fiscal revenue target ‘too ambitious’

ISLAMABAD: The Pakistan Institute of Development Economics (PIDE) has described the revenue target of Rs2,810 billion for the fiscal year 2014-15 as too ambitious to be met, saying the projected increase in revenue collection target is likely to be missed due to various factors. In a report, the PIDE cited that the highest growth in tax collection Pakistan had ever ... Read More »