Think tank wants corporation tax slashed

SLASHING CORPORATION TAX would boost the economy, according to a think tank.

The Centre for Policy Studies wants the government to cut the main rate of corporation tax to as little as 20% in the year’s Budget, from 26%. The chancellor is looking to cut the rate to 23% by 2014.

“A cut in the rate to 20% would be a quantum leap towards encouraging the enterprise economy which this country needs,” stated the centre in a Telegraph article.

Related reading