Chris Morgan Head of KPMG's International Tax group argues that the UK's competitiveness is being eroded too far
It is hard to remember a time when the UK's tax competitiveness has been more in the spotlight in the lead-up to a Budget. The Chancellor would like us to believe the UK is doing well. During his speech he asserted that the UK has a 'stable tax regime' and stated 'the reduction in the main rate of corporation tax to 28% will deliver the lowest rate in the G7 improving competitiveness and encouraging investment'. But compare this with the view expressed by the CBI Tax Task Force in its recent report UK business tax: a compelling case for change. Introducing that report Richard Lambert the CBI's Director General stated 'our corporate tax...
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Chris Morgan Head of KPMG's International Tax group argues that the UK's competitiveness is being eroded too far
It is hard to remember a time when the UK's tax competitiveness has been more in the spotlight in the lead-up to a Budget. The Chancellor would like us to believe the UK is doing well. During his speech he asserted that the UK has a 'stable tax regime' and stated 'the reduction in the main rate of corporation tax to 28% will deliver the lowest rate in the G7 improving competitiveness and encouraging investment'. But compare this with the view expressed by the CBI Tax Task Force in its recent report UK business tax: a compelling case for change. Introducing that report Richard Lambert the CBI's Director General stated 'our corporate tax...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
