Japan Eyes 4% Corporate Surtax From 2026 to Fund Defense: Kyodo

The Japanese government is planning to introduce an additional 4% tax on corporations from April 2026 to fund its increase in defense spending, Kyodo reports, without attribution,

• Also plans a 1% charge on individual income tax from Jan. 2027, which will be offset by a 1% cut in special reconstruction tax
• Related Story: Japan Mulls Earlier Tax Hike on Heated Tobacco Products: Sankei

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To contact the reporter on this story:
Gareth Allan in Tokyo at gallan11@bloomberg.net

To contact the editors responsible for this story:
Go Onomitsu at gonomitsu@bloomberg.net

Ryotaro Nakamaru

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