Japan to keep tax cuts for home, car buyers to help virus-hit economy

Japan's ruling coalition approved a tax reform package for fiscal 2021 on Thursday, with planned extensions of tax breaks for home and car purchases to underpin the coronavirus pandemic-hit economy.Prime Minister Yoshihide Suga's Liberal Democratic Party and its junior coalition partner Komeito also aim to encourage the private sector to work toward carbon reduction and digitalization with revisions to corporate taxation.The government is expected to approve tax reform plans for the fiscal year from April based on the ruling party proposals and submit bills related to the package to the ord…READ FULL ARTICLE