Japan eyeing corporate tax refunds for coronavirus-hit companies

Japan plans to implement corporate tax refunds for companies that have been forced to incur losses due to the outbreak of the new coronavirus, a government source said Saturday.The measure would mainly apply to small and midsize companies such as restaurant operators and school lunch suppliers, as well as large companies that usually are not eligible for such tax relief, the source said.Prime Minister Shinzo Abe's government would also enable business operators to expedite procedures for filing for tax refunds, it said.Together with an emergency economic package it will draw up next month, …READ FULL ARTICLE