Europe China: Companies and Investments

europe china: Large companies are required to make startup investments of 100 million or more in order to qualify for the proposed tax breaks, according to The Japan Times. The envisaged extra breaks for small and midsize firms would apply to investments in unlisted companies founded less than 10 years earlier and that are not members of corporate groups led by large companies, the sources said. The officials see the move as a way to revitalize the nation's economy, and aim to include it in a tax reform package for fiscal 2020, which starts April 1, the sources said. ; The move comes as Japanese companies lag behind those in the United States, Europe and China in their investments in startups, which have led to the creation of innovative services. RELATED STORIESInspired by 3/11, Tokyo-based Looop advances to semifinals of Startup World Cup 2020Soft Bank's startup bookkeeping draws scrutiny after WeWork fiasco Companies would be required to hold shares in the startups for at least a year to prevent them from fraudulently obtaining tax breaks by reselling them soon after, the sources said. Twitter Facebook Linked In GET THE BEST OF THE JAPAN TIMES IN FIVE EASY PIECES WITH TAKE 5 Mail the editor Error Policy JOIN THE CONVERSATION LATEST BUSINESS STORIESTokyo Metropolitan Government to draw up plans for providing financial support for 'social firms'The Tokyo Metropolitan Government has decided to provide financial support for so-called social firms where people who have difficulty working, including social recluses and the disabled, work a... Economists agree on one thing about Abe's stimulus package It helps the Bank of Japan Economists are divided over how much good Prime Minister Shinzo Abe's new stimulus package will do in terms of sparking extra growth, but there's one thing they do seem to agree on The Bank of Jap...OPEC agrees to cut oil output from Jan. 1The powerful OPEC group of oil producers and its allies reached a deal Friday to cut production by 500,000 barrels per day in a bid to stem prices, which have been under pressure from abundant rese... /4973089/JT-teads googletag.cmd.push function googletag.display ; ; Tax breaks under consideration include deducting 5 percent of the investment value from corporate income tax, and allowing companies to book a certain amount of reserves as losses. (news.financializer.com). As reported in the news.