15% corporate tax rate – will this alone be enough to encourage FDI? asks KPMG

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Source: kpmg.com press release 4 July 2016

“Whilst from a policy perspective it may help make the UK a “super-competitive economy”, a reduction in rates will likely not be enough on its own to drive FDI (Foreign Direct Investment). KPMG surveys of clients have consistently concluded that companies want stability, predictability and certainty, both in economic (including tax) and political terms. Whilst the current political and economic volatility prevails and uncertainty over a post-Brexit UK remains, companies may well be reluctant to invest in the UK.”

Source press release here

 

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