Emergency Budget: Corporation tax will drop to 24% by 2014
Corporation tax will drop to "the lowest this country has ever known.”
Corporation tax will reach as low as 24% by 2014 Chancellor George Osborne
has announced in his budget speech.
Osborne said he wants to bring corporation tax to “the lowest this country
has ever known.”
He said consecutive 1% decreases will bring the corporation tax rate to 24%
by 2014.
He said the drop in corporation tax will help attract international business
and make the UK more competitive.