Transformation of Japan's corporation tax : 1988 to 2000

Considers the changes underlying the reform of Japan's corporation tax since 1988. Three developments in particular are discussed: first, the sharp decrease in the 1990s in the corporate tax revenues; second, the restructuring of business organizations by Japanese corporations in order to concentrate on profitable operations and shut down unprofitable segments; and third, the reforms in the financial sector, which have produced new legal entities that are subject to corporation tax.