PoliticsJapan weighs corporate tax hike to fund higher defense spending
Japan is considering raising corporate taxes to finance higher defense spending, Japan Today reported, citing people familiar with the matter. A planned five-year program for fiscal 2027–2031 would prioritize large-scale drone purchases and ammunition and missile stockpiles. Businesses may oppose a tax increase over concerns it could hinder wage growth and weaken Japan’s competitiveness.
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CGTN★★★☆☆2026-10-18 07:26Original
Japan weighs corporate tax hike to fund higher defense spending
Politics