Saturday

1st Oct 2016

Ticker

UK to slash busniess tax in wake of Brexit

The British chancellor of the exchequer, George Osborne, has set a goal of lowering the country's corporate tax rate to 15 percent in an effort to keep businesses investing in the UK as it prepares to leave the EU, he said in an interview with the Financial Times. Britain currently has a 20 percent tax rate. The new rate would see Britain close in on Ireland's 12.5 percent levy.

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