TaxCorporate TaxPBR08: Financial sector tax take to drop by 35%

PBR08: Financial sector tax take to drop by 35%

Tax revenues coming from the financial sector to nosedive by 35% says Chancellor

Corporate tax revenues from the financial services sector are set to plummet
by 35%, Alistair Darling has said.

The Chancellor said that the UK could expect lower tax revenues ‘ both now
and in the medium term in the wake of the ‘unprecedented global financial
crisis.’

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