Japanese businesses agree to give up tax cuts to help government speed up recovery efforts - Polidicks

[quote]By Junko Fujita and James Topham Junko Fujita And James Topham – Mon Mar 28, 8:05 am ET TOKYO (Reuters) – Japan's top business lobby gave the government the green light to scrap a planned cut in the corporate tax rate and urged firms to look at shifting production to western Japan as the nation grapples with its worst crisis since World War Two. Hiromasa Yonekura, chairman of the Japan Business Federation, said the influential lobby would not fight the government if it decided to shelve a plan to lower the corporate tax rate, which at around 40 percent is among the highest in the industrialized world. Economics Minister Kaoru Yosano suggested last week the government should reconsider the planned tax cut of 5 percentage points from April to prioritize spending on reconstruction and prevent the country's already massive debt pile from growing. "I don't mind if the government skips cutting the corporate tax rate," Yonekura, who is also chairman of Sumitomo Chemical, told a regular briefing in Tokyo. "Instead I want the government to move swiftly in its recovery efforts." The openness of the business lobby to agree to skip the cut, may be part of a strategy to receive it in full later, analysts said. "I think Japanese corporations would rather make sure they will get a full five percent cut next year, rather than risk having to be forced to be content with (partial) cut indefinitely," said Takuji Okubo, chief economist at Societe General in Tokyo. The government is scrambling to come up with funding for rebuilding after a 9.0-magnitude earthquake and tsunami stuck the northeast coast on March 11, causing an estimated $300 billion in damages and crippling a nuclear power plant. Cutting the corporate tax rate has been seen as key to boosting the competitiveness of Japanese firms, as well as an important pro-business gesture by Japan's Democratic Party. POWER CRUNCH The disaster in northern Japan knocked out about 20 percent of Tokyo Electric Power's operating thermal and nuclear power generation, prompting rolling blackouts in Tokyo and its neighboring prefectures which account for 40 percent of the country's gross domestic product. Power outages have forced many companies to close plants or run at low capacity, sending ripples through supply chains. Yonekura said companies may need to shift production to western Japan, which has not been affected by the quake or rolling blackouts, and suggested firms work together to conserve energy and get through the power crunch. Possible steps include coordinating production times to reduce usage during peak hours and joint use of power generators among factories operating in the same region, tactics that some analysts think may help Japanese firms keep operating during the summer, when power demand typically peaks. Okubo said that power saving efforts such as staggered summer vacations and operating on weekends and at night could be enough to prevent blackouts. (Writing by Nathan Layne; Editing by Edmund Klamann and Edwina Gibbs)[/quote] [url]http://news.yahoo.com/s/nm/us_keidanren[/url] I wonder what would american businesses do...

"Fuck those people, government has too much control! Pay politicians to agree! BWAAAAAAAAAA" -Lets see how many people don't realize this is a joke.

This will benefit them more in the end than trying to do business with a raped infrastructure, good move.

This would never happen in america.

"Hey, Bobby Kotick, do you mind if we bor-"

Didn't they already have fucking low Tax% before? Or am I confusing Japan with some other country/nation/imaginary land?

[QUOTE=imadaman;28858262]Didn't they already have fucking low Tax% before? Or am I confusing Japan with some other country/nation/imaginary land?[/QUOTE] you mean america

I really wonder how twisted this news would become on Fox

Wow. This is amazing. We can all take a lesson from Japan.

This doesn't surprise me really. Japanese businesses normally have a high degree of honor, just like their peoples. What happened in their country is a complete disaster, so them giving up tax cuts to aid their homeland doesn't surprise me at all. In America, most corporations will just say "uh, we don't give a fuck we're moving our headquarters to <name of cheap country(india, mexico, china etc)>"

You really wouldn't see this in the United States.

[QUOTE=Master117;28858305]Wow. This is amazing. We can all take a lesson from Japan.[/QUOTE] Yes, I saw an image that showed how fast the Japanese are. After the earthquake and 6 days after earthquake. [img]http://i.imgur.com/BDohi.jpg[/img]

[QUOTE=Swebonny;28858369]Yes, I saw an image that showed how fast the Japanese are. After the earthquake and 6 days after earthquake.[/QUOTE] Wow, they really didn't fuck around there.

As has been said, American corporations could learn a thing or two here. It's nice to see that those Japanese companies understand that sometimes you have to put the well-being of the general public before their own personal comfort.

[QUOTE=Swebonny;28858369]Yes, I saw an image that showed how fast the Japanese are. After the earthquake and 6 days after earthquake. [img_thumb]http://i.imgur.com/BDohi.jpg[/img_thumb][/QUOTE] That normally takes the DOT like 6 months to do.

[QUOTE=Swebonny;28858369]Yes, I saw an image that showed how fast the Japanese are. After the earthquake and 6 days after earthquake. [img_thumb]http://i.imgur.com/BDohi.jpg[/img_thumb][/QUOTE] Apparently from what I've heard the image is fake, but not too sure.

[QUOTE=Richard Simmons;28858903]That normally takes the DOT like 6 months to do.[/QUOTE]Shit, the roads and highways in my town take around a year and a half each. And the new roads don't take long at all to start degrading.

[QUOTE=Vasili;28858970]Apparently from what I've heard the image is fake, but not too sure.[/QUOTE] I don't think it's faked. I mean the asphalt and the road strips look all new. It's likely that that's only one section of the road though and not everything. If you look towards the end of the road on the section picture you can see that people are still working on it. Another image of the same place. 4 days apart. [img]http://i172.photobucket.com/albums/w16/rnw1964/01.jpg[/img] Edit: There is a hole on the road outside my house. It has gone 8 months and it's still not fixed. (It's a gigantic fucking hole. Not some dent or anything, it's fenced so that cars don't fall in it.)

[media]http://www.youtube.com/watch?v=AqFxK3GMEkA[/media] They're just better people over there.

You will NEVER see that in America, holy shit

[QUOTE=Swebonny;28858369]Yes, I saw an image that showed how fast the Japanese are. After the earthquake and 6 days after earthquake. [img_thumb]http://i.imgur.com/BDohi.jpg[/img_thumb][/QUOTE] And it takes the Tucson companies here FIVE FUCKING MONTHS to complete a single thoroughfare. ... I hate this place :I

[QUOTE=ewitwins;28863024]And it takes the Tucson companies here FIVE FUCKING MONTHS to complete a single thoroughfare. ... I hate this place :I[/QUOTE] and it takes Florida road workers 6 months too complete back road construction, in the middle of a tourist trap town. so EVERYBODY has to deal with fucking traffic

[QUOTE=Swebonny;28858369]Yes, I saw an image that showed how fast the Japanese are. After the earthquake and 6 days after earthquake. [img_thumb]http://i.imgur.com/BDohi.jpg[/img_thumb][/QUOTE] Wow shit, it's like someone was playing simcity and just dropped down another length of road on top.

[QUOTE=Lust;28857821]This would never happen in america.[/QUOTE] So, your country is not the winner after all huh? Just the greedy and the sorry locked up in one place, waiting to explode.

They've been working on the same road near my house for like 2 years now. The water main bursts every 6 or so months somehow and the road gets dug up everytime.

I want to move to Japan now :v: Well, it was one of my, "escape shitty states" locations but now its looking better and better.

[QUOTE=Swilly;28865106]I want to move to Japan now :v: Well, it was one of my, "escape shitty states" locations but now its looking better and better.[/QUOTE] Nah man, Norway is where it's at.

[QUOTE=Richard Simmons;28858326]This doesn't surprise me really. Japanese businesses normally have a high degree of honor, just like their peoples. What happened in their country is a complete disaster, so them giving up tax cuts to aid their homeland doesn't surprise me at all. In America, most corporations will just say "uh, we don't give a fuck we're moving our headquarters to <name of cheap country(india, mexico, china etc)>"[/QUOTE] Yeah exactly, just like in Canada where it would <CULTURAL STEREOTYPE>

[QUOTE=ewitwins;28863024]And it takes the Tucson companies here FIVE FUCKING MONTHS to complete a single thoroughfare. ... I hate this place :I[/QUOTE]Orange Grove?

This is a good opportunity to invest in even better infrastructure, sort of like the 1775 portuguese quake in lisbon, got rebuilt and all buildings still stand 300 years later