Budget2011: Corporation tax down 2%
Corporation tax to fall by 2% rather than the 1% expected
CORPORATION TAX will fall by 2% this year, rather than the 1% forecast, and by 1% in each of the following three years, bringing it to 23%. This is lower than the US and Germany.
Bank levies will be changed to offset this effect.
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(Picture © Prime Ministers Office/Crown copyright)