The government and governing coalition plan to allow businesses to subtract from their taxable income 25 percent of the value they spend in startups, sources said Friday.
Large companies would provide the profit deductible for contributions of 100 million yen or more and smaller companies would offer 10 million yen or more, the sources added.
The tax relief was intended to encourage corporations to use their cash reserves t....
Tags : government , profit deductible, business innovation, venture tax,
comments (0)