The country encourages the transition to new technologies
The Japanese government plans to reduce corporate taxes for companies actively investing in various strategic sectors.
We are talking about the production of innovative semiconductors, electric vehicles, and high-capacity storage batteries. According to information published by TASS with reference to Sankei, new legislation aimed at stimulating such investments is planned to be introduced in the 2024 financial year.
Manufacturers of semiconductors, electric vehicles, batteries and “green steel”
The list of strategically important industries includes the development and production of aviation biofuel with low carbon dioxide emissions. Also included in the tax reduction are producers of “green steel” with reduced carbon dioxide emissions and producers of “green chemicals” based on environmentally friendly materials.
Japan plans to completely eliminate industrial and automobile carbon dioxide emissions by 2050, and by 2030 to reduce them by 46% compared to 2013 levels. These steps aim to create a more environmentally sustainable future economy.
