TaxCorporate TaxThink tank wants corporation tax slashed

Think tank wants corporation tax slashed

Centre for Policy Studies says cutting corporation tax would boost the economy

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.

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