This is an example of conglomerate tax in action.
The Japanese government is paying $535 million to get 57 Japanese companies–in areas ranging from auto-parts to mask and medicine production–to open factories in Japan. It is also paying another 30 companies to expand production in Southeast Asia. The subsidy splurge is designed to stop over-reliance on Chinese manufacturing, particularly in sectors that make the sorts of goods that are needed in an emergency (Fortune)
This is an example of conglomerate tax in action.
The Japanese government is paying $535 million to get 57 Japanese companies–in areas ranging from auto-parts to mask and medicine production–to open factories in Japan. It is also paying another 30 companies to expand production in Southeast Asia. The subsidy splurge is designed to stop over-reliance on Chinese manufacturing, particularly in sectors that make the sorts of goods that are needed in an emergency (Fortune)
