Tax Reform in Japan
Overview of Tax Reform in Japan
The tax reform in Japan is done on an annual basis. The main aim behind the tax reform in Japan is to bring about some improvement in the economical condition of the Japanese society. The present economic and financial scenarios of Japan are always regarded when making the changes in the tax structure.
Subjects of Tax Reform in Japan
The authorities responsible for the tax reforms in Japan cover a wide variety of subjects.
However, the taxation of the following categories is under scrutiny most of the times:
- Small Medium Enterprises
- Financial Transactions
- Securities Transactions
Aims of Tax Reform in Japan
There is a certain viewpoint behind the tax reform in Japan. Through the introduction of tax reforms the government wishes to support the activities that are done for the purpose of public interest by the privately held entities.
The government of Japan also aims at bringing down the level of inequality that is there in the various local governments of the country with respect to the financial stability of the country.
Taxation of Corporations
The most important areas in this context are the taxation of Research and Development as well as information infrastructure. Some other areas of importance in this case are streamline asset classification and depreciation schemes.
Taxation of the Deals of Money and Securities Instruments
The authorities those are responsible for tax reforms in Japan are thinking of bringing out a new process in the year 2009. This system is expected to include the sum of the loss of capital and earnings made from the dividends that are provided by the shares that have been listed.
Taxation of the Small and Medium Business Enterprises
In context of this form of taxation one of the many endeavors of the authorities would be to help those small and medium business organizations that are trying to help the local community they are a part of.
More Information Related to Tax
Last Updated on : 5th July 2013