Financial Secretary to the Treasury, David Gauke, answers questions from Tax Journal on tax competitiveness and tackling avoidance.
Tax competitiveness
Q. Maintaining the UK’s tax competitive standing is clearly still a priority for the government. You’ve legislated for a further reduction in the headline corporation tax rate. Do you see rates going down even further?
We are committed to creating the right conditions for businesses to invest and grow in the UK. Our reduction of the headline corporation tax rate allows the UK to be globally competitive and sends out the message that Britain is very much open for business.
The government has committed to bringing corporation tax down to 18% by 2020 which is an extremely competitive rate. In terms of future changes to the rate we keep the tax system constantly under review.
Q. The headline rate is important but so too...
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Home >Articles > Q&A with Financial Secretary David Gauke
Q&A with Financial Secretary David Gauke
Financial Secretary to the Treasury, David Gauke, answers questions from Tax Journal on tax competitiveness and tackling avoidance.
Tax competitiveness
Q. Maintaining the UK’s tax competitive standing is clearly still a priority for the government. You’ve legislated for a further reduction in the headline corporation tax rate. Do you see rates going down even further?
We are committed to creating the right conditions for businesses to invest and grow in the UK. Our reduction of the headline corporation tax rate allows the UK to be globally competitive and sends out the message that Britain is very much open for business.
The government has committed to bringing corporation tax down to 18% by 2020 which is an extremely competitive rate. In terms of future changes to the rate we keep the tax system constantly under review.
Q. The headline rate is important but so too...
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:
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