It was clear from speeches given in opposition that George Osborne considered changes to the structure of UK corporation tax were needed. His first major speech as Chancellor to the CBI on 19 May set out his stall:
‘I want corporate tax reform to be a priority for this government and I can confirm that the final coalition agreement…will commit us to lower and simpler corporate tax rates.’
‘We will reform the corporate tax system by simplifying reliefs and allowances and tackling avoidance in order to reduce headline rates.’
‘Our aim is to create the most competitive corporate tax regime in the G20 while protecting manufacturing industries.’
‘At the Budget I want to set out a 5 year road map for a big reform of corporation tax.’
‘As well as lower rates and...
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It was clear from speeches given in opposition that George Osborne considered changes to the structure of UK corporation tax were needed. His first major speech as Chancellor to the CBI on 19 May set out his stall:
‘I want corporate tax reform to be a priority for this government and I can confirm that the final coalition agreement…will commit us to lower and simpler corporate tax rates.’
‘We will reform the corporate tax system by simplifying reliefs and allowances and tackling avoidance in order to reduce headline rates.’
‘Our aim is to create the most competitive corporate tax regime in the G20 while protecting manufacturing industries.’
‘At the Budget I want to set out a 5 year road map for a big reform of corporation tax.’
‘As well as lower rates and...
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:
