Nissan stripped of eligibility for Japan tax break to boost wages:
The government has removed Nissan Motor Co from its list of companies eligible for a tax break ...
japantoday.com/category/business/nissan-stripped-of-eligibility-for-japan-tax-break-to-boost-wages
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Nissan Loses Tax Break Over Illegal Subcontractor CutsJapan’s government removed Nissan from a wage-boost tax break list after a probe revealed cuts to payments for 36 subcontractors.
Key FactsApr 6, 2024 · Reading time: ~45 sec.
Summary created with AI assistance · Source: japantoday.com
Summary created with AI assistance · Source: japantoday.com
- Japan’s government excluded Nissan from tax incentives aimed at promoting wage increases.
- The decision followed an antitrust warning about unlawful reductions in payments to 36 subcontractors.
- Nissan has been criticized for hoarding profits and keeping employee wages stagnant for decades.
- The move signals that companies violating fair labor practices will be denied public financial benefits.
Nissan is 'Rotten to its core'. Any punishment to that company is welcomed.— A commenter expressing their views on Nissan's corporate actions and the recent tax break removal.
News on this topic
Nissan ineligible for tax break after underpaying firms: report: Nissan’s name has been removed from a list of companies eligible for the tax incentive on the ...
japantimes.co.jp/business/2024/04/06/companies/nissan-tax-break-ineligible/
Nissan stripped of eligibility for Japan tax break to boost wages - The Mainichi: TOKYO (Kyodo) -- The government has removed Nissan Motor Co. from its list of ...
mainichi.jp/english/articles/20240406/p2g/00m/0bu/034000c
Nissan Ineligible for Wage Hike-Related Preferential Tax Treatment for at Least 1 Year; Ineligibility Follows Violation of Subcontract Law
japannews.yomiuri.co.jp/business/companies/20240406-178970/
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Nissan Ineligible for Tax Break After Underpaying Firms: Yomiuri: Nissan Motor Co. is no longer eligible for a tax break supporting companies that raise wages ...
bloomberg.com/news/articles/2024-04-06/nissan-ineligible-for-tax-break-after-underpaying-firms-yomiuri
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