Corporation Tax Cuts on May’s Wishlist

Prime Minister Theresa May will tell business leaders on Monday that she wants to cut corporation tax to the lowest among the world’s 20 largest economies, the Daily Telegraph newspaper reported.

The newspaper said May could cut corporation tax to lower than the 15 percent rate promised by Donald Trump before the U.S. presidential election.

Cutting corporation tax from the 20 percent headline rate could attract companies away from other parts of the European Union to Britain and challenge Ireland’s preeminence as Europe’s low tax home for large international companies.

Reuters

Week Ahead – US December Rate Hike Chances Boosts Dollar

USD Extends Gains as Six Fed Officials Speak

No Major Spending Plans in UK Budget

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.