UK corporation tax rate July 5, 2016Posted by WorldbyStorm in Uncategorized.
Hardly surprising Michael Noonan is playing down the announcement that the British government intends to cut the UK corporation tax rate to 15% or less. What else can he do? And he has a point when he notes that it had already said that it would cut it to 17% by 2020, but it’s yet another uncomfortable reminder of the after-effects of the Brexit referendum. And this before Brexit becomes anything like a reality. It’s going to be a long two plus years before we discover what the final(?) dispensation is going to be like. And it’s going to be particularly difficult for this state and this island. And, we’re still only in the first two weeks following the referendum.