Keidanren and Nissho Summarize requests for tax reform next year September 28, 4:14
The Keidanren and the Japan Chamber of Commerce and Industry have put together a request for tax reform next year, when discussions between the government and the ruling party will begin in earnest toward the end of the year.
As it is necessary to support companies in a difficult business environment due to the spread of the new coronavirus infection, we are requesting the expansion of a system that allows companies that are in the red to carry forward the loss, which is the loss, to the next fiscal year or later.
Keidanren and the Japan Chamber of Commerce and Industry have summarized their requests for the tax reform next year, when discussions between the government and the ruling party are in full swing.
Keidanren says that it is necessary to support companies in a difficult business environment due to the spread of infection and support the creation of new businesses, so it will be involved in research and development and a system that can carry over the loss of companies that are in the red to the next fiscal year or later. It is a system that deducts a part of the cost from the corporate tax amount, and is requesting expansion such as raising the upper limit.
In addition to these expansions, the Japan Chamber of Commerce and Industry has also faced issues such as extending the reduction measures to reduce the corporate tax rate of small and medium-sized enterprises to 15%, which will end at the end of this fiscal year, and business succession of companies that have no successors. Therefore, we are calling for the creation of a new tax system to promote M & A between SMEs.
Keidanren and the Japan Chamber of Commerce and Industry will strengthen their efforts toward the government and the ruling party toward the end of the year based on the requests summarized this time.