26 June 2001, 11:36  Shiokawa - Govt to end yr to March 2003 corporate tax incentives

TOKYO (AFX-ASIA) - Finance Minister Masajuro Shiokawa said the government will terminate the special tax incentives for corporations that it laid out for the year to March 2003 but will avoid raising consumer taxes. "We have no plan to raise consumption and income taxes," Shiokawa told a parliamentary Lower House committee. "In the year to March 2003 and 2004, the government will create new fiscal revenues, exclusively by cutting spending, especially revising administrative costs and a range of government subsidies," he said.

© 1999-2024 Forex EuroClub
All rights reserved