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Government Measures for New Capitalism: Strengthening Tax Reduction Measures, Support for Capital Investment, and Encouraging Domestic Investment in Strategic Fields

In response to Prime Minister Kishida’s instruction to compile economic measures by the end of next month, the government’s “Council for the Realization of New Capitalism” discussed specific measures at a meeting on the 27th.

and,
▽Strengthening tax reduction measures for companies working on raising wages,
▽Support for capital investment to improve productivity at small businesses, etc.
in addition,
▽We confirmed that we will prioritize creating tax breaks to encourage domestic investment in strategic fields such as storage batteries and semiconductors.

Also,
▽Relevant ministries and agencies will proceed with specific system design, with emphasis on introducing tax reductions targeting income generated from intellectual property such as patent rights.

Prime Minister Kishida said, “We asked them to discuss ways to transform a cost-cutting “cold economy” into a moderate-temperature “growth economy” driven by sustainable wage increases and active investment. I would like to see more concrete implementation of this.”

2023-09-27 08:45:04
#Economic #measures #tax #cuts #priority #issues #Conference #Realization #Capitalism #NHK

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