Osborne to announce corporate tax reforms
The government will launch a discussion paper on growth today pledging reforms to corporate taxes in a bid to stem the tide of international companies leaving Britain.
The measures – which will be announced in the chancellor’s Autumn Statement, delivered today - are expected to include an overhaul of the Controlled Foreign Companies tax by 2012 and a lowering of the corporation tax rate to 10% on the proceeds of intellectual property.
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