David Gauke: The Government aims to create the most competitive tax regime in the G20, to encourage inward investment and support growth. The main, rate of corporate tax has been reduced from 28% in 2010 to 24% in April last year, and will then fall to 23% this April and to 21% in April 2014, when the UK will have the lowest corporation tax rate in the G7 and the fourth lowest in the G20. Reforms to the...
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