U.S. corporate tax breaks lead to bonuses and stock buybacks. Japanese corporate tax breaks are tied to reinvestment in R&D, training employees, and purchasing equipment. Maybe the policy makers in our government can reconsider blanket tax cuts in the face of this “new” evidence (read: common sense).
What Global Slowdown? Japan Inc. Is Roaring Ahead
https://www.bloomberg.com/view/articles/2018-10-10/japan-s-companies-ramp-up-spending-after-tax-change
