UNITED KINGDOMTAX REFORM

PRESENTED BY:ALVIN NSENGIMANA

CORPORATION TAXCORPORATE TAX IS A TAX LEVIED ON CORPORATIONS. IT CAN BE BOTH AN INCENTIVE OR AN DISCOURAGEMENT TO JOIN THE MARKET.

HISTORY IN THE U.K

• Before 2010 Corporate Taxes were pushing business away.

• 2010-2015 Taxes support corporations• Corporation Tax Act

2010

VISION:

• Competitiveness• Fairness

COMPETITION

• People/Companies hold the power

• Competitive in all areas.

THINGS THE UK HAS DONE

• Tax Cuts!

COMPARE WITH U.S

• Higher Corporate Tax!• Same tax rate on

worldwide income• This can lead to tax

inversion.

TAX INVERSION:

• Taking the benefits of a foreign tax policy.

IN THE U.S

• Taxes are high• Incentive for Tax inversion

WORK CITED

• "Inverted Logic." The Economist. The Economist Newspaper, 15 Aug. 2015. Web. 04 Nov. 2015. <http://www.economist.com/news/leaders/21660978-tax-inversions-are-symptom-much-bigger-problems-americas-corporate-tax-regime-inverted>.

• Gauke, David. "Financial Secretary on the Government's Business Taxation Plans." GOV.UK. Crown, 1 June 2015. Web. 04 Nov. 2015. <https://www.gov.uk/government/speeches/financial-secretary-on-the-governments-business-taxation-plans>.

• Watt, Holly. "Budget 2010: Corporation Tax Cut to Record Low." The Telegraph. Telegraph Media Group, 23 June 2010. Web. 04 Nov. 2015. <http://www.telegraph.co.uk/finance/budget/7848122/Budget-2010-Corporation-tax-cut-to-record-low.html>.