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Yes but they are allowing those companies to avoid tax in the countries where the labour is being done. Lucky for them the UK is also getting desperate and ins
by branchless 10y ago
Yes but they are allowing those companies to avoid tax in the countries where the labour is being done.
Lucky for them the UK is also getting desperate and instead of having it's own work is going to "attract" companies with lower corporation tax.
Race you to the bottom.
- s_dev 10y agoThe Irish economy was carefully constructed around the 12.5% rate for decades -- the UK is foolish if it thinks this new 15% rate will work for it and can just copy it to emulate the success Ireland has seen from its own rate. The low rate works if you're a small economy with access to a much larger economy. With Brexit looming and given the size of the UK it doesn't fit either of these important criteria for the strategy to work. I think Osborne lowered the rate the prevent an exodus of companies from the UK more than attract others to it.