Sunak Gives Himself Room to Raise Corporation Tax in U.K. Budget
Sunak Gives Himself Scope to Increase U.K. Corporation Tax Bloomberg 2/25/2021 Alex Morales (Bloomberg) -- Chancellor of the Exchequer Rishi Sunak is giving himself scope to raise corporation tax in next week’s budget to help fund some of the massive spending Britain accrued during the pandemic, after a similar proposal from U.S. Treasury Secretary Janet Yellen. The U.K. expects to keep business levies competitive with the other Group of Seven nations, two officials familiar with the matter said. At 19%, the domestic rate is the lowest in the G-7, with the U.S. the next mo...
Source: msn.com