[Japan] Country considers tax reform to appeal to foreign financial firms

[Japan] Country considers tax reform to appeal to foreign financial firms
03 Sep 2020

In annual policy guidelines released on August 31, the Financial Services Agency revealed that Japan is considering tax reform to make itself more attractive to foreign financial firms and skilled workers as part of efforts to improve the country’s standing as a global financial centre.

For years Japan has wanted to appeal to foreign professionals but experts have warned that Tokyo first needed to tackle challenges including a lack of English language fluency in the workplace and its relatively high tax rate. The Japan Times has further details of the policy guidelines and what, if any, steps are being taken to implement them.

In annual policy guidelines released on August 31, the Financial Services Agency revealed that Japan is considering tax reform to make itself more attractive to foreign financial firms and skilled workers as part of efforts to improve the country’s standing as a global financial centre.

For years Japan has wanted to appeal to foreign professionals but experts have warned that Tokyo first needed to tackle challenges including a lack of English language fluency in the workplace and its relatively high tax rate. The Japan Times has further details of the policy guidelines and what, if any, steps are being taken to implement them.

Leave a Reply

All blog comments are checked prior to publishing