Tories confirm cuts to corporation tax
Osborn maintains commitment to business
George Osborne
Tory shadow chancellor George Osborne has confirmed that his party would cut
corporation tax by three percentage should it win the General Election expected
in May.
Osborne confirmed the cut during his
speech
during the party’s Spring conference in Brighton.
“Our first budget will contain funded measures to boost enterprise and create
jobs.
“We will abolish the tax on new jobs created in new businesses.
“We will cut the corporation tax rate paid for by removing complex reliefs
and attract international headquarters to Britain.
“We will reduce the small companies tax rate by simplifying the tax code and
make it far easier to get a business started.”