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Follow on Google News | Singapore to remain a key competitor for JapanThe government of Japan has pledged to lower its corporate income tax rate in order to attract more foreign investment to Japanese shores. However, it has a long way way to go before it can begin competing with tax friendly Singapore.
By: GuideMeSingapore.com The government's new growth strategy to transform Japan into a key business hub in Asia appears impressive but not very convincing, given that economies such as Singapore and Hong Kong are matured business hubs in the region with competitive tax rates, open immigration policies, and business friendly environments. Singapore in particular has gone all out to woo foreign investors and entrepreneurs. For instance, Singapore company formation (visit http://www.guidemesingapore.com/ Even if Japan lowers its tax rate from 40% to 25% it remains far behind Singapore's company tax rate of 17% (visit http://www.guidemesingapore.com/ # # # GuideMeSingapore.com is a unit of Janus Corporate Solutions Pte. Ltd. - a Singapore-based firm that provides incorporation, accounting, tax, immigration and compliance services. For more information, visit http://www.guidemesingapore.com/ End
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