September 16, 1997|
(Japan Federation of Economic Organizations)
Direction for reform of the tax system
So the entire nation will share the burden, the basic principle for reform of the tax system should be to correct the heavy dependence on personal and corporate income taxes, as well as to redress the imbalance between direct and indirect taxation.
Importance of corporate tax reform
Reforming the corporate tax system will not only strengthen Japan's international competitive position as a site for industry and prevent "hollowing out", but it will also contribute to the maintenance and enhancement of corporate energy and invigorate the Japanese economy as a whole.