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.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states