February was characterised – if by nothing else – by a surge of proposals to cut corporate taxes. Across the world governments announced that they would deliver proposals to national parliaments to make significant cuts to the headline corporate tax rates in their countries. Some of these were simple and fairly straightforward packages; others were vastly more complicated including sliding scales and lower rates for small businesses. But, in essence, each of these jurisdictions felt the pressure of international competition tightening.
March 01 2008