The prime minister has expressed the government’s aim, as part of its new industrial strategy, ‘for the UK to have the lowest corporate tax rate in the G20’. A number of commentators have interpreted this as an indication that the UK corporation tax rate could drop to 15%, or lower, should Donald Trump deliver on his pledge to slash the current corporate tax rates in the US.
The prime minister has expressed the government’s aim, as part of its new industrial strategy, ‘for the UK to have the lowest corporate tax rate in the G20’. A number of commentators have interpreted this as an indication that the UK corporation tax rate could drop to 15%, or lower, should Donald Trump deliver on his pledge to slash the current corporate tax rates in the US.
