Japan Plan to Cut Company Tax to 20% after US Tax Reform
- Release on :2017-12-7
It is reported that the Japanese government is discussing the downgrade of enterprise tax to about 25%. And some of the high-tech and innovative industries, such as the Internet of things “IoT”, artificial intelligence and other industries, will be reduced to 20%. Recently, some countries in the United States and Europe have introduced tax reform measures in succession, which has accelerated the pace of tax reform in Japan.
The United States tax corporate income tax from 35% to 20%, this claim is from since Reagan in 1981 once the largest tax cuts.
Reagan cut taxes, forced the Japanese yen to appreciate through the Plaza Accord, and inflamed the stock market housing bubble at low interest rates, and finally raised interest rates to break the bubble. The United States successfully harvested Japan, and Japan also fell into recession for 20 years.
At present days, China as the second largest economy, US will harvest China this time. So People’s Daily made a huge response to Trump’s Tax cut. We are waiting for China to Cut Tax and follow “Tax War”, do not become the Victim.
Shandong Welldone, as China Top 10 manufacturer of Ceramic Balls, will not involve Money War, only contribute to the real economy all over the world.