Imagine what would happen if we cut it to zero. Where it properly should be BTW.
Here we go, the next time a Lib starts in about 'Trickle Down Economics' having been 'proven' to be a lie that didn't work.
"Japan: The Journal notes that the Japanese have been ahead of the game, but may be spurred to additional action: Japan’s government, which is already cutting its main corporate rate to 29.74%, is studying cutting the effective tax rate to as low as 20% for companies that follow certain pro-growth policies. The tax debate in Japan “responds to developments in the U.S. and Europe and is desirable from the viewpoint of competitiveness,†said Takeshi Niinami, chief executive of beverage maker Suntory Holdings.
Prime Minister Shinzo Abe is, however, pressuring companies to raise wages in order to qualify for the cuts.