Bulletin

Push for Europe-wide corporation tax floor

France and Germany are pushing plans to introduce a minimum corporation tax rate across the EU, in a move that could result in higher taxes on British companies. It has emerged that European officials will debate plans to set a floor on the levy to act against tax havens such as Ireland and Luxembourg. However, Britain is prepared to veto any proposals that see it surrendering power over tax rates to Brussels. A Downing Street spokesman said: 'We have a long-standing view on tax harmonisation, which is not to support it.' At 20%, Britain has the lowest corporation tax in the G7 and one of the lowest in western Europe.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin

Where Next?