The report covers various research into corporate tax reform initiatives both domestically and internationally.
Parliament have published a research briefing on corporate tax (CT) reform. The briefing covers the approach to reform both during the Coalition Government and the current Conservative Government, and focuses on the reduction in the main CT rate, the unification of the main rate and the small companies rate, and reforms to capital allowances. It also covers the UK’s response to the OECD’s base erosion and profit shifting (BEPS) action plan, as well as domestic initiatives to tackle tax evasion and aggressive tax avoidance.
Highlights from the report include:
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