From the Nikkei:
- Japan is planning to increase tax breaks for companies that spend more on research and development projects
- Part of a fiscal 2015 taxation reform proposal
- Tokyo plans to scale back one scheme and give preferential treatment to companies that increase spending
- The change aims to encourage companies to ramp up their capital spending and secure finance for lowering the effective corporate tax rate, a key reform the government is expected to implement in fiscal 2015
- Overall tax deductions related to R&D spending are expected to be cut back.
More at the article: Japan plans tax cuts for big capital spenders
