George Osborne, UK Chancellor of the Exchequer, today delivered his Autumn Statement, announcing a surprise extra percentage point cut in the corporate tax rate.
UK Chancellor of the Exchequer George Osborne has confirmed that the UK’s main rate of corporation tax will fall by a further percentage point, to 21%.
A tax transparency plan, proposed by Illinois Senate President, John Cullerton, has scraped through the Senate by three votes, and has moved to the Illinois House of Representatives.
The protocol of amendment to the Russia-Switzerland double tax treaty (DTT), signed on September 24 2011, entered into force last month on November 9. The revised treaty, which contains updated information exchange provisions and reduced withholding tax rates, strengthens economic ties between the two countries.
The UK Parliament’s Public Accounts Committee (PAC) has called for government action to clamp down on seemingly successful multinational companies that pay little tax in the country, as well as criticising HM Revenue & Customs (HMRC).
