In Japan, they are going to punish firms that refuse to raise wages to their employees. The country’s authorities have approved the parameters of the upcoming fiscal year 2022 tax reform, which includes, among other things, the abolition of benefits for such private companies. The newspaper writes about it Yomiuri…
For example, firms that do not raise wages will not be subject to corporate tax reduction schemes. At the same time, an increase in salaries of employees by more than 2.5 percent, on the contrary, will result in benefits for the company. Up to 40 percent of the amount aimed at increasing payments is supposed to be compensated by reducing the corporate tax for small and medium-sized firms. Large corporations can receive compensation of up to 30 percent.
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The Japanese Confederation of Trade Unions (Rengo) plans to seek an average of four percent wage increases next year. The authorities also consider increasing salaries to be an important condition for reviving consumer demand and improving the situation in the country’s economy.
In 2020, the average salary of an employee of a private company in Japan was 307.7 thousand yen (more than 2.7 thousand dollars) per month.
Earlier, the Japanese authorities presented a plan for large-scale stimulation of the economy and consumer demand. For example, direct financial assistance will be provided to the population. Families with children under 18 will receive checks for 100,000 yen ($ 875 each, or 63,000 rubles).
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