Kobayashi Ken (小林健), chairman of the Japan Chamber of Commerce and Industry, said he opposed raising corporate taxes and indicated that Japan's corporate tax rates are high by international standards. He said the government would prioritize and consider how to secure funding for increased defense spending and refundable tax credits.
Kobayashi Ken (小林健), chairman of the Japan Chamber of Commerce and Industry, reiterated his opposition to raising taxes on businesses. He emphasized his position that corporate tax increases should be opposed.
Kobayashi Ken (小林健) pointed out that Japan's corporate tax rates are high even by international standards and expressed concern that tax increases would dampen investment in Japan.
He also said that funding would be needed for expected increases in defense spending and refundable tax credits, and indicated that the government would discuss tax policy while prioritizing how to secure those funds.
He also expressed the view that, in light of rising long-term interest rates, productivity improvements need to be pursued with cash flow management in mind.