Government Bytes

Blog 

Japan to Leave US in the Dust on Corporate Income Tax; Energy Taxes Again?- The Late Edition, June 12 2014

by jihun han / /

Today's Taxpayer News!

In the Washington Times today, NTU’s Executive Vice President Pete Sepp argued that a “tax extenders” deal in Congress should not come with a tax increase on the energy industry. Read here!

Japan has made progress on cutting its corporate income tax rate, though it can still be as high as 36 percent in some circumstances. Not for long though, as they are set to clarify plans that would see the rate cut to under 30 percent, and perhaps to 25 percent, in the coming years. Reuters has the story!