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UNITED KINGDOMTAX REFORM
PRESENTED BY:ALVIN NSENGIMANA
CORPORATION TAXCORPORATE TAX IS A TAX LEVIED ON CORPORATIONS. IT CAN BE BOTH AN INCENTIVE OR AN DISCOURAGEMENT TO JOIN THE MARKET.
HISTORY IN THE U.K
• Before 2010 Corporate Taxes were pushing business away.
• 2010-2015 Taxes support corporations• Corporation Tax Act
2010
VISION:
• Competitiveness• Fairness
COMPETITION
• People/Companies hold the power
• Competitive in all areas.
THINGS THE UK HAS DONE
• Tax Cuts!
COMPARE WITH U.S
• Higher Corporate Tax!• Same tax rate on
worldwide income• This can lead to tax
inversion.
TAX INVERSION:
• Taking the benefits of a foreign tax policy.
IN THE U.S
• Taxes are high• Incentive for Tax inversion
WORK CITED
• "Inverted Logic." The Economist. The Economist Newspaper, 15 Aug. 2015. Web. 04 Nov. 2015. <http://www.economist.com/news/leaders/21660978-tax-inversions-are-symptom-much-bigger-problems-americas-corporate-tax-regime-inverted>.
• Gauke, David. "Financial Secretary on the Government's Business Taxation Plans." GOV.UK. Crown, 1 June 2015. Web. 04 Nov. 2015. <https://www.gov.uk/government/speeches/financial-secretary-on-the-governments-business-taxation-plans>.
• Watt, Holly. "Budget 2010: Corporation Tax Cut to Record Low." The Telegraph. Telegraph Media Group, 23 June 2010. Web. 04 Nov. 2015. <http://www.telegraph.co.uk/finance/budget/7848122/Budget-2010-Corporation-tax-cut-to-record-low.html>.
