In the News
Lowest corporation taxes in the world
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
9th July 2016
Which countries have the lowest corporation tax rates in the world? George Osborne's plan to cut UK corporation tax still further towards 15% in a post-Brexit supply-side initiative is an attempt to counter the debilitating effects of (eventual) withdrawal from the European Union. Will deep cuts in the tax on business profits be effective? Or does it risk helping to trigger a race to the bottom among countries committed to using tax competition as an incentive for inward foreign direct investment?
According to this Sky news report: "The UK's 20% corporation tax rate is currently joint seventh lowest in the EU, along with Croatia, Estonia and Finland. At 15% it would be in line with Latvia and Lithuania, and the third-lowest tax rate, according to KPMG."
You might also like
Evaluating Supply Side Policies (Online Lesson)
Online Lessons
Can we avoid an economic Long Covid?
23rd February 2021
![](https://tutor2u-net.imgix.net/user-photos/graham-watson.png?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Levelling Up - Can the UK improve inequalities without big spending?
3rd February 2022
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
UK Economy - Unemployment rate falls to lowest level since 1974
13th September 2022
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Explaining the difference between Disinflation and Deflation
19th December 2022
![](https://tutor2u-net.imgix.net/user-photos/graham-watson.png?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
UK real wage gap grows to £11,000 since 2008
21st March 2023
![](https://tutor2u-net.imgix.net/user-photos/graham-watson.png?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
How bad will the looming mortgage crisis be?
19th June 2023
![](https://tutor2u-net.imgix.net/user-photos/graham-watson.png?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Is the UK's inflation target fit for purpose?
1st February 2024