Editorial

The UK Corporation Tax Gap is a myth. The relentless pursuit of this mythical creature has created an environment where UK-headquartered businesses are increasingly considering leaving the UK as in the recent example of Experian. Ultimately all this will do is decrease UK tax revenues.

The UK needs to have a stable and competitive corporate tax system in order to attract investment — both 'real' physical investment in our manufacturing high street banks and insurers energy and utility operations infrastructure and also the less tangible but equally valuable investment represented by the location of headquarter and service functions in the UK. The importance of the UK service sector to our economy and...