Brexit: George Osborne targets Ireland’s corporation tax regime
Osborne has vague plans to reduce Britain’s rate to 15 per cent
The power of corporation tax policy to drive inward investment and retain existing investment is an article of faith in most developed economies. It has been part of Irish economic policy since the 1950s – we practically invented the notion. It was inevitable that, in the chaos following Brexit, the issue would rear its head in Britain. And it did at the start of this week, with chancellor George Osborne announcing that, in the future, Britain would have a corporation tax rate of “15 per cent or less”. Is this for real?
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