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IPPR welcomes corporation tax moves
Proposals by the government to make the UK more attractive to multinational companies, while maintaining the country's tax base, have been welcomed by the Institute for Public Policy Research (IPPR).
The document, published last month, sets out a framework of rules and proposals on how monetary assets and intellectual property could be treated with regard to controlled foreign companies.
Tony Dolphin, senior economist at the IPPR, said that prior to the recession the UK was one of the top countries for inward investment, with low corporation tax rates and a reputation for making it easy to invest.
"I think what the government is trying to do now is to say that the world is coming out of recession, as confidence grows, trends in this area will pick up again, and when it does the UK needs to be as competitive as it was back then before the recession," he added.
Posted by Fiona Beck
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