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New York stays top in finance as London loses ground, index shows
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China s two sessions 2021: Beijing zeroes in on eight core areas for country to become manufacturing superpower
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The office will also serve as a contact point for inquiries on procedures regarding financial laws and regulations in connection with the establishment of a business base in Japan by foreign operators, according to the FSA.
Together with the new one-stop office, Japan will try to attract more foreign businesses by offering income and inheritance tax breaks for highly skilled foreign professionals in a tax reform blueprint for fiscal 2021.
Higher taxes and language barriers are often cited as the reason Japan, the world’s third-largest economy, is generally deemed less attractive than other Asian rivals as an international financial hub.
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