Rishi's Tax Dish

The UK Chancellor’s statement last Wednesday included lots of grandiose pronouncements about recovery and growth — but the most significant elements of his budget were tax rises that will stifle that growth. The increase of corporation tax (business tax on profits) to 25% (for the largest and most profitable companies) will result in the UK’s headline rate being precisely twice the rate of Ireland’s — our nearest and most competitive nation for foreign direct investment.

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