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

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam