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Why German officials are unconcerned about UK corporate tax competition

11 December 2012

Matthew Gilleard

George Osborne, the UK Chancellor of the Exchequer, said the UK will have the lowest corporate tax rate of any Western economy when he announced the tax would fall to 21% by 2014 in his Autumn Statement. In particular, he mentioned Germany, but German tax officials have said they do not expect to lose investors.

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International Correspondents