TaxCorporate TaxBudget2012: Corporation tax cut won’t benefit banks

Budget2012: Corporation tax cut won't benefit banks

The government will increase the bank levy so that Britain's banks will not benefit from a cut in corporation tax

GEORGE Osborne has said the government will increase the bank levy so that Britain’s banks will not benefit from a cut in corporation tax.

Corporation tax will be cut to 24% from 1 April, with a further cut to 22% by 2014.

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