> In the UK I think we acknowledge they are a bad idea by having a plan to step them down over time to some low level (and potentially even 0 eventually). Covid

> In the UK I think we acknowledge they are a bad idea by having a plan to step them down over time to some low level (and potentially even 0 eventually). Covid derailed that plan. I think, pre-COVID, they're aiming for 12.5% to compete with the Republic of Ireland. Northern Ireland was already granted permission to lower corporate tax rates to 12.5% [1]. The UK is looking at reversing cuts in the wake of COVID [2]. [1] - https://www.ft.com/content/129e7687-20d7-449f-bde1-3455015de04e https://www.ft.com/content/129e7687-20d7-449f-bde1-3455015de... [2] - https://www.independent.co.uk/news/uk/politics/corporation-tax-cut-rishi-sunak-budget-b1811775.html https://www.independent.co.uk/news/uk/politics/corporation-t...