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Cancelling corporation tax rise will boost GDP by 1.2% – but reforming capital allowances could do even more

On Friday, Kwasi Kwarteng is widely expected to cancel Rishi Sunak’s proposed rise in corporation tax from 19% to 25% New modelling by the US-based Tax Foundation and the Centre for Policy Studies shows that in the long term this will increase GDP by 1.2%, investment by 2% and wages by 1.1% compared to the… View Article

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