The government is considering a deeper cut to the effective corporate tax rate than previously planned for the next fiscal year from April, slashing it to below 30 percent, sources familiar with the matter said Friday. The government now plans to lower the rate to 29.97 percent from the current 32.11 percent, hoping to encourage corporations to increase investment and wages, they said. The administration of Prime Minister Shinzo Abe had previously planned to cut the tax rate to between 30.88 percent and 30.99 percent in fiscal 2016 before lowering it further to below 30 percent in fiscal 2017. To make up for the ... (full story)