Tokyo Chamber of Commerce and Industry Request for Governor Koike's support for tax reduction and exemption on April 7, 18:08

The Tokyo Chamber of Commerce and Industry has asked Governor Koike for assistance in reducing taxes on companies whose sales have declined, despite concerns about the serious economic consequences of the spread of the new coronavirus.

Governor Koike held a video conference with executives of the Tokyo Chamber of Commerce on the afternoon of the 7th to exchange opinions on measures to support small and medium-sized businesses following the spread of the new coronavirus.

Among them, the Chamber of Commerce and Industry conducted a survey of members' SMEs. As a result, there were many companies whose sales decreased by more than 50% compared to the previous year. It was explained that there are many voices who do not know what to do.

After that, we asked companies with reduced sales to reduce or exempt capital taxes such as property taxes and to postpone tax payments, and to expand their subsidies in Tokyo to further promote telework.

He also urged the city to clearly and urgently indicate the scope of the target industry for which the Metropolitan City would require closures as an emergency measure.

In response, Governor Koike stated, "I would like to respond intensively here to restore the spirit of Tokyo to regain the healthy business of small and medium enterprises."

Koike governor until this month 10 days, every day, do the interviews from such as the Tokyo Chamber of Commerce organizations, including the capital of the supplementary budget to put together in prospect next week 15 days, we decided to go to reflect on the future of economic measures.