Japan to Impose Tax on Units of Foreign Firms with Low Burden

Tokyo, Nov. 21 (Jiji Press)–The Japanese government and ruling coalition will consider legislation to impose a tax on subsidiaries of multinational companies based in low-tax countries, it was learned Tuesday. Japan will strengthen measures against tax evasion by non-Japanese companies based in tax havens or countries with low tax rates, after some 140 countries and regions, including memb…

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