It was great to speak to Pound Sterling about the rise in corporation taxes that was announced in the Budget earlier this week.
This week’s budget contained a rise in corporation taxes for the first time in 40 years, as the government looked to boost tax revenues following the huge expenditure cushioning the blow of the Covid-19 lockdowns.
In my opinion, the corporation tax rise does come as a concern for the market in general, especially for foreign investors or buyers, for whom it is now less attractive to acquire UK firms. The knock-on effect of a depressed deals market will be significant.
Read the full article here: Pound Sterling Live – Corporation Tax Hike Incentive to Grow is Now Heavily Burdened – Business Reactions