SPEED READ In a Budget that was dominated by the changes in public spending and a VAT increase, there was a large element of policy discussion. The Coalition’s five year plan for corporation tax rates and a new approach to tax policy making are clearly ‘a good start’ but many will be waiting for detail on the complex challenges that will follow before passing judgement. The corporate tax rate changes provide an insight into the likely future policy choices of the Coalition, with a clear continuation of the previous mantra of a lower headline rate and a broader tax base.
