China’s Crackdown on Hong Kong Could Help Japan Become Finance Hub
- Japan’s vice finance minister targets country as a finance hub
- FSA proposing reforms to reduce corporate, inheritance tax
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China’s crackdown on Hong Kong and new limits on overseas workers in Singapore could help Japan raise its profile as a global financial hub, despite its higher taxes, according to Japan’s new vice finance minister.
“It’s impossible to make taxation levels exactly the same” as places where social security costs aren’t as high, Kenji Nakanishi said in an interview Wednesday. “But we often hear that even a small change would make a difference and the government needs to send some kind of clear message.”