- Home >> Features >> Technology
Japan reveals tax incentives to encourage local 5G investment
- Friday | 13th December, 2019
For years Japanese companies have been sitting on a record cash-pile as they remain wary about boosting wages and investment. “With this tax revision, I believe we managed to raise a flag so that Japan can lead America and EU on 5G development,” Amari said. The overall tax revision is expected to have no big impact on annual tax revenue, Amari added. The revision follows Abe’s announcement last week that the government will roll out fiscal stimulus worth 13.2 trillion yen in spending. The tax revision for the next fiscal year also includes preferential treatment for companies investing in businesses focusing on innovative technologies.
If You Like This Story, Support NYOOOZ
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
